Clarification on news item appearing in Media
Awaiting price reaction for this filing.
Allied Blenders and Distillers Limited (ABDL) has issued a clarification in response to media reports alleging that the company was involved in unfair trade practices in Andhra Pradesh. The company stated it has not received any communication from banks, regulatory authorities, or enforcement agencies regarding such action. ABD called the news speculative and factually incorrect. It reaffirmed its commitment to full legal compliance, transparency, and corporate governance. Investors were advised to rely only on official company or stock exchange communications.
No regulatory action is confirmed against the company. The stock may see short-term volatility due to the media report, but the company's prompt denial should help contain any negative sentiment.