Dhampur Sugar Mills Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
DHAMPURSUG · price
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The Uttar Pradesh Assistant Excise Commissioner has reinstated an import/export fee of ₹1 per bulk litre on denatured/special denatured spirit for the period from FY 2018-19 to FY 2024-25. This follows a Supreme Court order dated 23 October 2024 upholding the State's authority to levy such fees. The company is contesting the demand through appropriate legal forums. The financial exposure is estimated at ₹37.73 crore for the Dhampur unit. The company has stated that no material operational impact is expected beyond this quantified amount.
Shareholders should note a potential liability of around ₹37.73 crore if the company's legal challenge fails, though the company believes the impact is limited to this amount. The stock may see minor sentiment pressure given the retrospective demand spanning seven years, but the company is actively contesting it.