Financial Impact
During the financial year 2025-26, the Unit contributed approximately 2% (~₹599 crore) to the company's revenue from operations.
Closure Timeline
The estimated date of closure for the Unit is 31st August 2026.
Reasons for Closure
The closure is part of a multi-year Supply Chain Agility Program that was approved by the Board on 24th January 2023. The program, which included this Unit, was previously disclosed through a press release, included in the notes to financial statements for the quarter ended 31st December 2022, and communicated to the stock exchanges.
Subject to receipt of necessary statutory approvals, the company intends to transfer the excise license issued by Telangana Prohibition & Excise Department to another party. Following this transfer, the factory operations at the Unit will cease.
Regulatory Context and Disclosure Timing
The information was intimated to the Officer of the Company at approximately 15:00 hrs IST on 3rd June 2026. The delay in disclosure to the exchanges was attributed to the time needed for verification of facts and information with multiple internal stakeholders.
No binding agreement has been entered for the sale of the unit/division at this time.