Triveni Engineering & Industries Limited — Others, 24-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
24-07-2025 | 07:00 pm
24-07-2025 | 07:00 pm
Triveni Engineering & Industries has disclosed a significant financial claim from the Excise Department, seeking export fees on denatured alcohol. This follows a Supreme Court ruling that affirmed the State's power to regulate industrial alcohol. The aggregate amount currently quantified by the company for these demands, spanning from August 2018 to June 2025, totals Rs. 46.78 Cr. The company views this as a financial liability and is actively challenging the claim through an industry association. This situation highlights a potential cash outflow depending on the resolution.
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