Triveni Engineering & Industries Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
TRIVENI · price
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Triveni Engineering has disclosed an ongoing excise-related dispute following the Supreme Court's October 2024 ruling that upheld the State's authority to regulate industrial alcohol. Following this ruling, the Company has received letters from the Assistant Excise Commissioner, the latest on July 23, 2025, demanding export fees on denatured alcohol for the period from August 25, 2018 to June 30, 2025. The aggregate amount quantified by the Company on this account is Rs. 46.78 crores. The Company is contesting the demand through the Industry Association. The Excise Department is the opposing party in this matter.
Shareholders should note a potential financial outflow of up to Rs. 46.78 crores if the Company does not succeed in contesting the excise demand, though the matter is being challenged collectively. The disclosure is procedural and does not indicate an immediate adverse impact on operations, but the outcome remains uncertain.