India Glycols Limited has informed the Exchange about Action(s) initiated or orders passed
INDIAGLYCO · price
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India Glycols received an appellate order dated 27 February 2026 from the Commissioner (Appeals), Noida, in a customs dispute originally dating to March 2024. The original order had confirmed Rs. 33.43 crore as short-paid duty plus interest, a Rs. 82 crore penalty, and a Rs. 191.76 crore redemption fine — totaling over Rs. 300 crore in demand. In appeal, the authority upheld only Rs. 33.43 crore duty short-paid with interest and reduced the penalty to Rs. 41 crore, while setting aside the Rs. 191.76 crore redemption fine. The company's total liability has therefore come down by roughly Rs. 233 crore. The company plans to file a second appeal against the remaining confirmed demand and expects no material impact on its finances or operations.
Net positive for shareholders — the overall customs demand has been cut by around 75%, easing a significant contingent liability. The remaining ~Rs. 74 crore (duty + interest + penalty) is still being contested in a second appeal, so the matter is not fully closed but the worst-case exposure is materially lower.