NSEUpdates4 Aug 2026 · 4 Aug 2026, 04:54 pm
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Bannari Amman Sugars Limited · BANARISUG
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Bannari Amman Sugars Limited has informed the Exchange regarding 'Interim Stay grant by Madras High Court' in a recovery proceedings initiated by the District Collector, Erode under the Revenue Recovery Act, 1864 for recovery of Rs.12,72,30,170/- towards tax and interest.
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Bannari Amman Sugars Limited has informed the Exchange regarding 'Interim Stay grant by Madras High Court'.
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BANARISUG_04082026165248_StayOrderIntimation04082026.pdf
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BANNARI AMMAN SUGARS LIMITED
Regd. Office : 1212, Trichy Rood Coimbatore - 641 01 8 Tamilnodu India
Phone : 91 - 422 - 2204100 Fox : 2309999 (Soles) 2204222 [Purchase] 2204233 (Accounts)
E-Moil : bascbe@bannori.com Website : www.bonnori.com C1N : L15421TZ1983PLC001358
SEC/ MAIL /2026 04.08.2026
National Stock Exchange of India Ltd Bombay Stock Exchange Limited
Exchange Plaza Phiroze Jeejeebhoy Towers'
C-1, Block G Dalal Street
Bundera-Kurla Complex, Bandra (E) Mumbai - 400 001
Mumbai - 400051
NSE CODE : BANARISUG BSE CODE : 500041
lSlN No. : INE459A01010 ISIN No. : INE459A01010
Dear Sirs,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
This is in continuation of our disclosure dated 02.07.2026 regarding the recovery proceedings
initiated by the District Collector, Erode under the Revenue Recovery Act, 1864 for recovery
of Rs.12,72,30,170/- towards tax and interest alleged to be payable under the Tamil Nadu Tax
on Consumption or Sale of Electricity Act, 2003.
We wish to inform you that the Company challenged the aforesaid proceedings before the
Hon’ble High Court of Judicature at Madras by filing Writ Petition and the Hon’ble High Court,
by its order dated 30.07.2026, has been pleased to grant an interim stay of the impugned
proceedings dated 22.06.2026.
The Company will continue to pursue the matter before the Hon’ble High Court and shall keep
the Stock Exchanges informed of any further material developments.
This disclosure is being made pursuant to Regulation 3O of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
Kindly take the above information on record.
Thanking you,
Yours faithfully,
For BANNARI AMMAN SUGARS LIMITED
(c PALANISWAMY)
COMPANY SECRETARY & COMPLIANCE OFFICER