Pursuant to Regulation 30 of the SEBI LODR Regulations, please find attached necessary disclosure under Clause 8 of Para-B of Part-A of Schedule III of the SEBI LODR Regulations read with ....
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises has disclosed a regulatory demand from the Office of the Assistant Excise Commissioner, received on August 1, 2025, seeking deposit of export fees on denatured alcohol for the period 2018-19 to 2024-25. This demand follows a Supreme Court order dated October 23, 2024, which upheld the State's authority to regulate industrial alcohol. The company has quantified the aggregate amount at Rs. 709.40 lakhs. The opposing party is the Excise Department, and the company is contesting the demand through the Industry Association.
Shareholders face a potential financial exposure of Rs. 709.40 lakhs if the excise demand is ultimately upheld. Since the matter is being contested through the Industry Association, the immediate cash outflow is uncertain, but the outcome could materially affect future earnings.