NewsAllied Blenders and Distillers Limited tax litigation update regarding Assessment Years 2014-2015 to 2024-25 under Regulation 30 disclosed on April 23, 2026Allied Blenders and Distillers Limited tax litigation update regarding Assessment Years 2014-2015 to 2024-25 under Regulation 30 disclosed on April 23, 2026
Allied Blenders and Distillers Limited has successfully resolved its tax litigation for Assessment Years 2014-2015 to 2024-25, with Commissioner of Income Tax (Appeal) orders resulting in net nil tax liability. The company made official disclosure to stock exchanges under Regulation 30 on April 23, 2026, continuing previous disclosures and providing clarity on its tax position across multiple assessment years.
*this image is generated using AI for illustrative purposes only.
Allied Blenders and Distillers Limited has received orders from the Commissioner of Income Tax (Appeal) for Assessment Years 2014-2015 to 2024-25, resulting in net nil tax liability for the company. The orders were issued between April 6, 2026 and April 22, 2026, with the final order received on April 22, 2026 at 03:55 P.M IST.
The disclosure was made on April 23, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This communication continues earlier disclosures dated March 29, 2025, March 30, 2025 and January 31, 2026, providing stakeholders with updated information on the company's tax litigation status.
Official Disclosure Details
The company submitted its formal disclosure to both BSE Limited and National Stock Exchange of India Limited under reference number 9/2026-27. The communication was addressed to the exchanges with BSE Scrip Code 544203 and NSE Symbol ABDL.
| Exchange: | Details |
|---|---|
| BSE Limited: | Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 |
| NSE Limited: | Exchange Plaza, Bandra-Kurla Complex, Mumbai - 400051 |
| Reference No.: | 9/2026-27 |
| Disclosure Date: | April 23, 2026 |
Tax Litigation Update Details
The company provided comprehensive details as required under SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.
| Sr. No.: | Particulars | Update |
|---|---|---|
| 1. | Details of any change in the status and/or any development in relation to such proceedings | The Company has received orders for Assessment Years 2014-2015 to 2024-25 dated 6th April, 2026 to 22nd April, 2026, giving effect to the Orders of Commissioner of Income Tax (Appeal), resulting in net nil tax liability |
| 2. | In the case of litigation against key management personnel or its promoter or ultimate person in control | Not Applicable |
| 3. | In the event of settlement of the proceedings, details of such settlement including terms, compensation/penalty paid and impact on financial position | Not Applicable |
Compliance and Documentation
The disclosure has been made available on the company's website at https://www.abdindia.com/ for public access. The communication was digitally signed by Sumeet Maheshwari, Company Secretary & Compliance Officer, with Membership No. ACS - 15145, on April 23, 2026 at 15:07:36 +05'30'.
This development brings clarity to the company's tax position across multiple assessment years spanning over a decade, with the orders confirming no net tax liability arising from the appeals process. The resolution of this tax litigation removes potential financial uncertainty for the company.
Historical Stock Returns for Allied Blenders & Distillers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.51% | +3.48% | +45.33% | -10.74% | +67.61% | +75.62% |
How might this favorable tax resolution impact Allied Blenders' cash flow and capital allocation strategy for future expansion plans?
Will the company face increased scrutiny from tax authorities in upcoming assessment years given the decade-long litigation history?
What potential impact could this tax clarity have on Allied Blenders' valuation and investor sentiment in the spirits industry?
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