Allied Blenders & Distillers Limited has announced a significant development in its ongoing tax litigation proceedings, receiving partial relief from the Commissioner of Income Tax (Appeals) for multiple assessment years spanning a decade.

Tax Appeals Decision

The Commissioner of Income Tax (Appeals) has decided on the company's pending appeals for assessment years 2014-15 to 2024-25 through orders issued under section 250 of Income Tax Act, 1961, dated January 30, 2026. The appeals, which were partly allowed, have granted the company partial relief in its tax litigation matters.

Regulatory Compliance

The company has disclosed this development in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made following SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Current Status Update

As per the regulatory filing, the appeals were partly allowed with partial relief granted to the company. The disclosure indicates that this development represents a change in the status of the ongoing tax litigation proceedings that the company has been managing across multiple assessment years.

Key Details

The company secretary and compliance officer, Sumeet Maheshwari (ACS - 15145), signed the regulatory disclosure on January 31, 2026. The filing was submitted to both BSE Limited (Scrip Code: 544203) and National Stock Exchange of India Limited (Symbol: ABDL) as part of the company's ongoing compliance obligations.

The partial relief in these tax appeals spanning assessment years 2014-15 to 2024-25 marks a significant milestone in the company's tax litigation proceedings, providing some resolution to matters that have been pending before the tax authorities.

Allied Blenders & Distillers Limited's board of directors has approved significant additional investments in its subsidiary Minakshi Agro Industries LLP (MAILLP) to enhance manufacturing capabilities and support growing demand in western regions and international markets. The board meeting held on January 29, 2026, resulted in approvals totaling ₹62 crores in new investments plus restructuring of existing project financing.

Investment Breakdown

The board approved a comprehensive investment package structured across multiple components to support MAILLP's expansion plans.

Subsidiary Profile and Performance

MAILLP operates as a grain spirit manufacturing company with its distillery located in Aurangabad, Maharashtra. The subsidiary was incorporated on January 10, 2022, with Allied Blenders acquiring a 98% profit-sharing ratio on October 29, 2024.

Strategic Restructuring

The company modified its earlier approved capex structure based on MAILLP's successful negotiations with banks for credit facilities. Instead of funding the entire ₹240 crores project through direct capital contribution, Allied Blenders will provide ₹225 crores support through corporate guarantee for debt raised by MAILLP. This restructuring optimizes the financing approach while maintaining project viability.

Project Objectives and Timeline

The additional investments will enable MAILLP to establish a state-of-the-art bottling facility and procure necessary additional land for project expansion. These developments align with Allied Blenders' strategy to enhance manufacturing capacity supporting increasing portfolio demand in Maharashtra and international markets.

Regulatory Compliance

The transactions fall within related party transaction guidelines and are conducted at arm's length pricing. The investments require no additional governmental or regulatory approvals. Allied Blenders disclosed these developments under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring full transparency with stakeholders and market participants.