Please find attached disclosure under Regulation 30 of Listing Regulation.
Awaiting price reaction for this filing.
Radico Khaitan Limited has received a demand notice dated April 24, 2025 from the Nagar Palika Parishad (municipal council), Rampur, seeking Rs. 13.09 Crores towards Land/House & Water tax allegedly due for the period April 1, 2019 to March 31, 2025. The company has stated that, based on its internal assessment, it believes it has a strong case to contest the demand and does not expect any material financial impact. Radico has initiated appropriate legal action to safeguard its interests. No penalty, restriction, or sanction has been imposed yet, and the notice has been disclosed to the stock exchanges under SEBI Listing Regulations.
While the demand size is notable at Rs. 13.09 Crores, the company's confident stance and plan to legally contest it suggest limited near-term financial damage. Shareholders should monitor the case outcome, as an adverse ruling could result in a one-time financial hit, but the disclosure itself is unlikely to move the stock significantly.