Allied Blenders and Distillers Limited — Others, 25-03-2025: Action(s) taken or orders passed

Allied Blenders and Distillers has announced a board meeting to discuss the recent tax litigation involving its subsidiary, ABD Dwellings Private Limited. The subsidiary has filed an appeal against a demand notice claiming an income tax liability of ₹16.16 crore. Despite this development, the company believes the matter will not significantly impact its financial health or operations and is confident in a favorable outcome through legal proceedings. This update may lead to a neutral sentiment among investors, as the company reassures that it does not foresee a major financial burden from this issue.