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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Bannari Amman Sugars Ltd

Bannari Amman Sugars: Rs. 12.72 Crore Revenue Recovery Demand Issued

ORDERS ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 02 Jul 2026, 02:29 PM IST  ·  BSE ID: 7e510c7b-e7de-4276-95f6-62c52384e221
View Original BSE Filing (PDF)
💡
In Simple Terms
The company has been asked to pay over Rs. 12.72 crore in disputed taxes, a matter currently before the Supreme Court.
🤖 AI Summary
  • District Collector, Erode, issued recovery proceedings for Rs. 12,72,30,170.
  • Demand relates to alleged tax and interest under the Tamil Nadu Electricity Act.
  • Company's prior writ petition challenging the levy was allowed by the High Court in 2012.
  • Supreme Court is currently considering related appeals and review petitions.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Amount of recovery proceedings
Rs.12,72,30,170/-
🏢 How This Affects the Company
💰
Financial Impact
The company is subject to a significant potential financial liability, though the ultimate outcome is pending judicial review.
⚠️
Risk Impact
This represents a material contingent liability with ongoing legal proceedings that could impact financial reporting and cash flow if resolved unfavourably.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders. Monitor further court proceedings.
👤
Who Is Affected
All shareholders are affected due to the potential financial impact of the outstanding demand.
🔍
Management Signal
Management is actively engaged in legal challenges to contest the tax demand and is awaiting final judicial pronouncements.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Supreme Court orders on related appeals and review petitions.
Company disclosures on any updates regarding the tax demand.
Next financial results for commentary on contingent liabilities.
MEDIUM RISK Significant financial demand pending final judicial resolution before the Supreme Court.
💡 Investor Takeaway
Bannari Amman Sugars faces a Rs. 12,72,30,170 recovery demand under the Tamil Nadu Electricity Act. The matter is sub judice before the Supreme Court.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Facing a Rs. 12,72,30,170 demand for alleged tax and interest under a disputed act.
❓ Frequently Asked Questions
What is the amount of the recovery demand issued to Bannari Amman Sugars?
The District Collector, Erode, has directed recovery of Rs.12,72,30,170/-.
What is the reason for the recovery demand against Bannari Amman Sugars?
The demand is for tax and interest alleged to be payable under the Tamil Nadu Tax on Consumption or Sale of Electricity Act, 2003.
What is the current status of the tax dispute for Bannari Amman Sugars?
The company had won a writ petition in 2012, but related appeals and review petitions are pending before the Hon’ble Supreme Court.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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