Allied Blenders and Distillers Limited — Others, 29-03-2025: Action(s) taken or orders passed

Allied Blenders and Distillers Limited has announced a board meeting to address recent assessment orders from the Income Tax Department concerning tax liabilities totaling ₹352.31 Crore and interest of ₹249.14 Crore for the years 2014-15 to 2024-25. Additionally, its wholly-owned subsidiary, Madanlal Estates, faces a demand of ₹0.39 Crore plus interest. Despite these orders, the company believes there will be no significant financial impact on its operations and intends to appeal the assessments, confident in a favorable outcome. The Promoter Chairman has assured investors that any financial effect will be personally covered. This reinforces a positive outlook for investor sentiment amidst tax uncertainties.