Balrampur Chini Mills Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
BALRAMCHIN · price
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The Uttar Pradesh Excise Department has reinstated import/export fees on denatured alcohol, reversing its 2018 order that had suspended these charges. This follows a Supreme Court ruling in October 2024 that upheld the State's authority to levy such fees. The department has now imposed these charges retrospectively from FY 2019-20 up to July 15, 2025, quantifying the demand at Rs. 21.81 crore specifically for the company's Gularia unit. The company has stated there is no material financial or operational impact beyond this Rs. 21.81 crore figure. Balrampur Chini Mills plans to contest the demand through appropriate legal forums.
The financial exposure is limited to Rs. 21.81 crore, which the company describes as not materially impacting its operations. However, since the demand covers nearly 6 years retrospectively and is tied to a Supreme Court ruling favouring the State, there is uncertainty around how much can be successfully contested, which could weigh on investor sentiment.