MP Excise Dept suspends Som Distilleries factory license over 2012 legacy case

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Price reactionminutes from the announcement price · days from the prior close

-3.4%Reaction day

₹89.20

prior close

₹87.05

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-2.6% vs market

Breweries & Distilleries peers, median of 24sector-0.1%-3.2% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 3.2 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 24Pending

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AI summary

Madhya Pradesh Excise Department has suspended the manufacturing license of Som Distilleries' factory at Rojrachak, Distt. Raisen, linked to a 2012 court case. Company clarifies it was not a party to the case and the individuals involved were not its employees. The Sessions Court order is already stayed by the MP High Court at Indore, and the company is pursuing further legal recourse at the MP High Court at Jabalpur. Production at the Raisen unit has temporarily stopped but the Bhopal plant is expected to restart soon. Management states no impact on financial stability, liquidity or debt servicing.

Likely market impact

Raisen factory production halted temporarily; Bhopal plant expected to resume. Legal challenge underway. Company claims financials unaffected.