Balrampur Chini Mills Limited — Others, 16-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
16-07-2025 | 05:42 pm
16-07-2025 | 05:42 pm
Balrampur Chini Mills faces a significant development regarding its denatured alcohol business in Uttar Pradesh. The UP Excise Department has reinstated import/export fees, applying them retrospectively from FY 2019-2020, following a Supreme Court ruling. Initially, the company's Gularia unit has been assessed Rs. 21.81 Cr. While the company stated no material operational impact beyond this amount, it plans to contest the levy and explore legal avenues. Shareholders should watch this closely, as the outcome will determine the final financial impact.
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