Update on Tax Litigation

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Price reactionminutes from the announcement price · days from the prior close

+1.7%Reaction day

₹555.75

prior close

₹564.80

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%+2.2% vs market

Breweries & Distilleries peers, median of 25sector-0.7%+2.4% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Smallcap 250 and 2.4 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

+0.6-1.6+2.2-2.0+2.6

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15d

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+11.9+6.4+5.5-8.9+20.8

+8.8+5.8+3.0-8.5+17.2

UpDownMarket · Nifty Smallcap 250Sector · Breweries & Distilleries peers, median of 25Pending

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AI summary

Allied Blenders and Distillers Limited announced that its wholly owned subsidiary, ABD Dwellings Private Limited, received a favorable order from the Commissioner of Income-tax (Appeals) on April 22, 2026. The entire income-tax liability of Rs. 16,16,16,000 (approximately Rs. 161.6 million) has been reduced to zero. This is a positive development as the subsidiary successfully appealed the original tax demand. The order was received at 11:02 PM IST on April 22, 2026.

Likely market impact

This is a positive outcome for shareholders as the company has eliminated a significant tax liability of over Rs. 161 million, strengthening the subsidiary's and potentially the parent company's financial position.