Mawana Sugars Limited has informed the Exchange regarding 'Disclosure/Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015'.
MAWANASUG · price
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Awaiting price reaction for this filing.
Mawana Sugars' Nanglamal Sugar Complex distillery unit in Meerut, UP received a notice dated August 12, 2025 from the Office of the Assistant Excise Commissioner. The notice alleges that the recovery percentage of alcohol from molasses, based on fermentable sugar, was higher than the prescribed limit during the period 2019 to 2022. A penalty of ₹7,10,000 has been imposed, and an additional ₹7,10,000 has been recovered from the unit's performance security, taking the total financial impact to ₹14,20,000. The company has filed a review application with the office of the excise commissioner to contest the order.
The financial impact of about ₹14.2 lakh is small relative to the company's size and is unlikely to materially affect operations or stock price. With a review application already filed, the matter remains contested and shareholders should watch for the outcome.