Nature of the Event
Disclosure of an order received from the Excise Commissioner, Uttar Pradesh, Prayagraj (U.P. Excise Department) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023.
Details of the Order
- Issuing Authority: Excise Commissioner, Uttar Pradesh, Prayagraj (U.P. Excise Department).
- Date of Receipt: 2nd July 2026.
- Nature of Order: An order imposing a penalty of ₹1,00,000 (Rupees One Lakh only) on the Company.
- Legal Basis: Penalty imposed under Section 74 of the United Provinces Excise Act, 1910.
Alleged Violations
The order pertains to alleged non-compliance with certain provisions of the Uttar Pradesh Excise (Distillery Establishment and Operation) Rules, 2018 and the conditions of the company's license. The specific allegation is that certain Liquor, ENA (Extra Neutral Alcohol), and Tetra Packs (Country Liquor) were stored at locations other than those prescribed under the applicable excise regulations and license conditions.
Financial and Operational Impact
- Financial Impact: The company has quantified the financial impact as being limited to the penalty amount of ₹1,00,000.
- Operational Impact: The company states that the order does not have any material impact on its operations or other activities. Manufacturing operations continue in the normal course of business.