Sula Vineyards Limited — Others, 05-04-2025: Action(s) initiated or orders passed

Artisan Spirits Private Limited, a wholly owned subsidiary of Sula Vineyards Limited, received a tax assessment order under the Central Sales Tax Act for FY 2020-2021. The order imposes a total demand of ₹21.46 crore, which includes penalties and interest, mainly due to the denial of benefits under the H-form and issues with a shipping bill verification. However, Sula Vineyards does not anticipate any financial implications from this order and plans to appeal against the assessment. This situation may lead to a neutral impact on investor sentiment, with potential risks arising from the appeal process but no immediate financial burden expected.