RCCPL subsidiary faces 9.67 crore stamp duty demand from MP authority

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AI summary

Birla Corporation's wholly owned subsidiary RCCPL Private Limited received demand orders dated 19 January 2026 from Collector of Stamps, Satna for about 9.67 crore total. The demand alleges undervaluation leading to deficit stamp duty and registration fees on mining leases of Sadhera (8.28 crore) and Bandhi Gorwai (1.39 crore) Limestone Mines. Company says demand is not tenable and plans to appeal.

Likely market impact

Approximately 9.67 crore demand on subsidiary being challenged in appeal. Limited immediate cash hit but legal overhang on mining leases persists.