Sula Vineyards loses excise appeal; clarifies disclosure delay to BSE
SULA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sula Vineyards told exchanges that its appeal against a CGST and Central Excise order was rejected by the Commissioner (Appeals), Nashik on 29 May 2026, upholding the original order. The company also clarified a delay in disclosing this, saying the detailed order reached its Nashik office on 12 June and registered office on 15 June due to an intervening weekend, with further time needed to assess implications. The disclosure was filed on 16 June at the earliest opportunity. The company said the delay was not intentional.
Tax appeal lost, so the original excise demand stands. No financial amount disclosed here. Investors should track next steps and any further financial impact.