Sula Vineyards Limited — Important, 12-12-2024: General Updates

The Assistant Commissioner of State Tax initiated an inspection at Sula Vineyards' registered office in Mumbai and principal business place in Nasik. The search, conducted under relevant state tax laws, did not find any issues at the Mumbai location. However, the inspection at the Nasik site is ongoing, with the company cooperating fully with the authorities. Although normal operations have not been disrupted, any significant financial or operational impact remains indeterminate at this time. Sula Vineyards emphasizes its commitment to high standards of integrity and compliance in all its business practices. Investors should watch closely for updates regarding the ongoing inspection.