Radico Khaitan Limited — Others, 24-04-2025: Action(s) initiated or orders passed

Radico Khaitan has received a demand notice from Nagar Palika Parishad, Rampur, seeking Rs. 13.09 crore for land, house, and water tax spanning the financial years from April 1, 2019, to March 31, 2025. The company believes it possesses a strong case to challenge this demand, expecting no material financial implications as it embarks on appropriate legal actions to safeguard its interests. This scenario may evoke cautious sentiment among investors, highlighting a potential risk; however, the company's confidence in its position could also present an opportunity for a robust defense.