DRI searches Tilaknagar offices over HSN code review for bulk Scotch imports

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

-1.0%Reaction day

₹490.00

prior close

₹489.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.4%-1.4% vs market

Breweries & Distilleries peers, median of 25sector+0.0%-1.0% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.0 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

Stock

-1.7

10m

-2.3

15m

-0.9

30m

+0.2

Sessions after the filingfrom the prior close

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Reaction day

-1.0+0.4-1.4+0.0-1.0

Next day

-0.7pendingpending+2.7-3.4

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15d

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UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 25Pending

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AI summary

The Directorate of Revenue Intelligence (DRI) initiated a search at Tilaknagar Industries' corporate office and Ahilyanagar manufacturing facility on October 22, 2026, under Section 105 of the Customs Act. The action is part of an industry-wide review on HSN Code applicability for import of bulk Scotch. The company says there is no financial or operational impact as of now and is fully cooperating with authorities.

Likely market impact

Search relates to industry-wide customs review on HSN codes for bulk Scotch imports. Company says no immediate impact. Watch for further updates.