In regards to certain reports that have appeared in the media on June 27, 2014, Binani Cement stands to clarify the said matter.

Binani Cement has been committed towards paying its taxes to the government and has never defaulted on the same as being made out to be. As Binani Cement invested Rs 6.33 billion the company was entitled for 'Eligible Fixed Capital Investment', Binani Cement had availed deferment of Rs 4.57 billion by foreclosing  the scheme on Aug. 31, 2011 against eligibility of Rs 4.88 billion.

However, only Rs 2.80 billion was approved by the state level screening committee, thus the deferment availed was of Rs 1.77 billion, which had to be paid to the Government.

Shares of the company declined Rs 5.35, or 4.48%, to trade at Rs 124.8 at the BSE (Friday).