Please find attached disclosure under Regulation 30 of Listing Regulations
RADICO · price
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Awaiting price reaction for this filing.
Radico Khaitan has received a demand notice dated April 24, 2025 from the Nagar Palika Parishad, Rampur, seeking Rs. 13.09 Crores towards Land/House & Water tax for the period from April 1, 2019 to March 31, 2025. The company has stated that based on its internal risk assessment, it has a strong case to contest the demand and does not expect any material financial implications from this notice. Radico Khaitan is in the process of taking appropriate legal action to safeguard its interests, and no penalty, restriction, or sanction has been imposed as of now. The disclosure has been made under Regulation 30 of SEBI Listing Regulations as a communication from a statutory/regulatory authority.
Near-term impact on the stock is likely limited since the company is confident of winning the case, but the Rs. 13.09 Crore demand (contested) remains a contingent liability that investors should track. Any adverse ruling could pressure margins, though the company believes this is a low-probability risk.