IFB Agro seeks independent probe into excise interference in liquor biz

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IFBAGRO · price

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AI summary

IFB Agro Industries has submitted a representation to the Chief Secretary of West Bengal seeking an independent investigation into alleged illegal interference by excise authorities in the companys liquor business. The company has flagged this as material information and promised to update exchanges on further developments. The company has previously raised similar concerns.

Likely market impact

Unresolved regulatory interference in liquor business is a risk. Outcome of probe could affect operations and profitability.