Rana Sugars Limited has informed the Exchange about Action(s) initiated or orders passed

RANASUG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+4.8%1-day move

₹13.91

prior close

₹14.34

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-2.6-2.0-1.4-1.3+4.8+1.7+0.4-1.6+0.1-2.2-9.4-7.6-12.7—

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AI summary

Rana Sugars Limited received a consolidated GST demand order of Rs. 53,28,932 from the Additional Commissioner, Grade II Appeal, Central GST, Moradabad, Uttar Pradesh on April 30, 2026. The demand comprises duty demand of Rs. 23,42,902, interest of Rs. 27,51,740, and penalty of Rs. 2,34,290. The alleged violations relate to e-way bill issues including cancellation and delayed re-generation, excess quantity of Molasses, and free distribution of bio-compost for Financial Year 2019-20. The company has stated that the demand is not maintainable as it had already replied to the department's queries, and it is evaluating options including filing an appeal.

Likely market impact

The company claims no material financial impact as it considers the demand non-maintainable and plans to contest it. However, if the appeal fails, the company could face a payout of over Rs. 53 lakh plus potential further costs.