Shree Renuka Sugars Limited has informed the Exchange about Action(s) initiated or orders passed
RENUKA · price
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On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.2 pts less than its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shree Renuka Sugars Limited received two penalty orders from the CGST & Central Excise department in Belagavi. The first penalty of Rs. 10,53,089 relates to alleged non-reversal of Input Tax Credit on damaged goods for which insurance claims were received during FY 2018-2022. The second penalty of Rs. 1,41,74,831 is for claiming excess ITC on blocked credit during the same period. Both orders were received on 4th December 2025. The company claims strong merit in both matters and has filed appeals before the appropriate appellate authority. The company states there is no material impact on its financial or operational activities.
The total penalty of approximately Rs. 1.52 crore is material but manageable for the company. The appeals process means the final liability remains uncertain. While the company views this as non-material, tax penalty disclosures can create negative sentiment among investors.