Mawana Sugars Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (LODR) Regulations2015
MAWANASUG · price
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Mawana Sugars Limited informed exchanges that its Nanglamal Sugar Complex (Distillery Division) in Meerut received a communication dated February 23, 2026 from the Office of the Additional Excise Commissioner (Administration), Uttar Pradesh. The notice relates to a lower-than-prescribed recovery percentage of alcohol from molasses based on fermentable sugar during the 2019-22 period. A penalty of Rs. 45,000 was imposed, and an additional Rs. 45,000 was recovered from the unit's performance security, totaling Rs. 90,000. The company has not taken any specific action in response. The disclosure is filed under Regulation 30 of SEBI LODR Regulations 2015.
The financial impact is negligible at just Rs. 90,000 for a listed company and is unlikely to have any material effect on the stock price or operations. This is a routine regulatory excise matter, not a SEBI or serious legal action.