The Ministry of Corporate Affairs has ordered an investigation into Shree Cement and sought information from the company, according to a regulatory filing.

The Bangur family-promoted firm said it received a letter on 1 January from the Office of the Regional Director, North-Western Region, Ministry of Corporate Affairs, Ahmedabad.

Without disclosing the nature of the probe, the cement maker said the information sought by the authorities “will be provided in due course”.

“The company has received a communication from the Office of the Regional Director, North-Western Region, Ministry of Corporate Affairs, Ahmedabad, vide which they have informed that the Ministry has ordered an investigation under Section 210(1)(c) of the Companies Act, 2013, and accordingly, they have sought certain information from the Company,” the filing said.

Section 210(1)(c) of the Companies Act, 2013 allows the government to conduct an investigation into the affairs of a company in the public interest.

For this purpose, the central government may appoint one or more persons as inspectors to investigate into the affairs of the company and to report thereon in such a manner as the central government may direct.

The Kolkata-based company further stated that the development will have “no impact on financial, business operations or other activities”.

Shree Cement is the third-largest cement manufacturer in the country, with an installed cement production capacity of 50.4 million tonnes per annum and a power generation capacity of 742 MW, including capacity from renewable energy sources.