Dhampur Bio Organics Limited — Others, 01-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
01-08-2025 | 06:19 pm
01-08-2025 | 06:19 pm
Dhampur Bio Organics faces a demand from the Uttar Pradesh Excise Department to pay import/export fees on denatured spirit for the financial years 2018-19 to 2024-25. This demand follows a Supreme Court ruling affirming state authority over industrial alcohol. The company has calculated this potential liability at Rs. 14.17 Cr. DBOL is contesting this matter, and the Lucknow Bench of the Allahabad High Court has granted an interim stay, providing temporary relief against this financial claim.
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