Bannari Amman Sugars (BANARISUG) — Announcement

📢 Key Event
Madras High Court grants interim stay on tax recovery proceedings

🔄 What Changed
Interim stay granted on disputed tax recovery proceedings

💡 Investor Takeaway
The interim stay protects the company from immediate tax recovery actions while legal challenges proceed.

Bannari Amman Sugars disclosed that the Madras High Court granted an interim stay on June 22, 2026 proceedings related to a disputed tax demand of Rs.12.72 crore from the District Collector of Erode under the Tamil Nadu Electricity Act. The company challenged the recovery action through a writ petition and will continue pursuing the matter while keeping exchanges informed of developments.

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About Bannari Amman Sugars Limited (BANARISUG)

Fast Moving Consumer Goods · Sugar · Listed on NSE

Market Cap: ₹5,004.97 Cr P/E: 41.1 ROE: 6.8% ROCE: 7.3% Div Yield: 0.31%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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