Ponni Sugars (Erode) Limited has informed the Exchange about receipt of Interim Order from Hon ble High Court of Madras

Ponni Sugars has received an interim order from the Hon'ble High Court of Madras dated 27.04.2026 in connection with a Writ Petition filed by the company. The dispute relates to a Transfer Pricing order passed by the Commissioner of Income Tax (CIT-TP) for Assessment Year 2021-22, concerning the Arm's Length Price determination for inter-unit transfer of bagasse from the sugar unit to the co-generation unit. The High Court has directed the Transfer Pricing Officer to pass appropriate orders, but the effect and operation of such orders will remain subject to the final outcome of the Writ Petition. The company has obtained interim protection pending resolution of this tax dispute. Financial implications are material but cannot be precisely quantified at this stage.