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Bannari Amman Sugars Limited · BANARISUG
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Bannari Amman Sugars Limited has received a copy of the proceedings of the District Collector, Erode, directing recovery of Rs.12,72,30,170/- under Section 5 of the Revenue Recovery Act, 1864, towards Tax and interest alleged to be payable under Tamil Nadu Tax on Consumption or Sale of Electricity Act, 2003.
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Bannari Amman Sugars Limited has informed the Exchange regarding 'Order received from the District Collector, Erode District, Tamilnadu'.
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BANARISUG_02072026135434_CollectorOrder02072026.pdf
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BANNARI AMMAN SUGARS LIMITED
Regd. Office : 1212, Trichy Rood Coimbatore - 641 018 Tomilnadu India
Phone : 91 - 422 — 2204100 Fox : 2309999 [Soles) 2204222 (Purchase) 2204233 (Accounts)
E-Moil : boscbe@bonnori.com Websiie : www.bonnori.com CIN : L15421TZ1983PLC001358
SEC/ MAIL /2026 02.07.2026
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
ISIN No. : INE459A01010 ISIN No. : INE459A01010
Dear Sirs,
Sub: Disclosure under Regulation 3O of the SEBI(Listing Obligations and Disclosure
Requirements) Regulations, 2015
*****
'Pursuant
to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we wish to inform you that the company’s sugar unit at Alathukombai
Village Sathyamangalam Taluk, Erode has received a copy of the proceedings of the District
Collector, Erode addressed to the Tahsildar, Sathyamangalam directing recovery of a sum of
Rs.12,72,30,170/- (Rupees Twelve Crores Seventy Two Lakhs Thirty Thousand and One
Hundred a‘nd Seventy) under Section 5 of the Revenue Recovery Act, 1864 towards Tax and
interest alleged to be payable under Tamil Nadu Tax on Consumption or Sale of Electricity
Act, 2003.
In this connection, the company had filed a Writ Petition W.P No.7397 of 2005 challenging the
levy of tax under the Tamil Nadu Consumption or Sale of Electricity Act, 2003. The said Writ
Petition was allowed by the Hon’ble High Court order dated 8.3.2012, subject to outcome of
other writ petitions challenging the amendments made to the said Act. The Energy
Department has not preferred any appeal against the said order of the Hon’ble High Court.
Subsequently, the Writ Petitions filed by certain other parties challenging the amendment
were dismissed. Appeals by way of Special Leave Petitions have filed before the Hon’ble
Supreme Court by some of the affected parties while certain others have filed review
petitions. The Special Leave Petitions are presently pending consideration before the Hon’ble
Supreme Court.
..................
Sheet
Continuation
Limited
Amman Sugars
Banncri
Coimbatore
Court,
Supreme
Hon’ble
before
of the aforesaid
view of the
proceedings
pendency
to Government,
Inspector
Electrical
the Chief
2019, requested
during
Company,
year
until
recovery
Erode, defer
District Collector,
and the
Tamil Nadu
proceedings
Court.
Hon’ble Supreme
by the
finally decided
issues
into
after taking
Erode,
Collector,
then District
2019, the
Accordingly,
year
Hon’ble
and the
High Court
Hon’ble
before
consideration
proceedings
pendency
Revenue
under
initiated
recovery
revenue
withdrew
Court,
Supreme
proceedings
Act.
Recovery
recovery
fresh
initiated
has now
Erode,
District Collector,
However,
proceedings
present
amount
aforesaid
of the
recovery
1864, for
Act,
Recovery
Revenue
under
'Rs.12,72,30,170/-
Hundred
Thousand
Thirty
Lakhs
Seventy
Twelve Crores
(Rupees
only).
and Seventy
legal
appropriate
evaluating
its legal counsel
is consulting
The Company
presently
authority
Government
appropriate
filing an appeal before
including
available
remedies
Hon’ble
and/or
High Court
Hon’ble
before the
appropriate
initiating
and/or
proceedings
challenge
legal
valid
it has
believes that
Court. The Company
Supreme
grounds
interests.
steps
all appropriate
will take
aforesaid
protect
proceedings
the SEBI
30 of
Regulation
with
made in compliance
is being
disclosure
above (Listing
2015.
Regulations,
Requirements)
Disclosure
Obligations
on record.
details
take the above
Kindly
Thanking
you,
faithfully,
Yours
LIMITED
AMMAN SUGARS
BANNARI
PALANISWAMY)
OFFICER
& COMPLIANCE
SECRETARY
COMPANY
Encl:
Annexure
Order from the District
Collector, Erode District
Particulars
S.No
Details
1 Name of the
listed company Bannari Amman
Sugars Limited
2 Type
of communication received Recovery
the Revenue
under Recovery
proceedings
Act, 1864
3 Date receipt
of of communication
01.07.2026
Authority from
whom District
Collector, Erode District, Tamilnadu
communication received
Brief
5 summary of
the material
company has received a copy of
contents of
the communication
District
from the Collector, Erode
proceedings
received, including
reasons for
addressed to the Tahsildar, Sathyamangalam
receipt
of the communication directing recovery Rs.12,72,30,170/-
of a sum of
Twelve Two Lakhs
Crores Seventy Thirty
(Rupees
Thousand Hundred and Seventy)
and One under
Section 5 of the Revenue Recovery Act, 1864
towards Tax
and interest alleged to be
payable
under Tamil Tax
Nadu on Consumption or Sale of
Electricity
Act, 2003.
this connection, the company had filed a
Writ
Petition
W.P No.7397 of 2005 challenging the levy
tax under the Tamil Nadu Consumption or Sale
Electricity Act, 2003. The said Writ Petition
allowed Hon’ble High
by the Court order dated
8.3.2012, subject to outcome of other writ
petitions
made
challenging the amendments to the said Act.
The Energy has not
Department any
preferred
Hon’ble
appeal against the said order of the High
Court.
Petitions filed
Subsequently, the Writ by certain
other the amendment were
challenging
parties
Leave Petitions
dismissed. Appeals by way of Special
Hon’ble
have filed before the Supreme Court by
while certain
some of the affected others
parties
have The Leave
filed review Special
petitions.
Petitions consideration
pending
presently
Hon’ble Court.
before the Supreme
In of the aforesaid
view of the
pendency
Hon’ble Supreme Court,
before the the
proceedings
Company, 2019, requested the Chief
during the
year
Tamil
Electrical Inspector to Government, Nadu and
District Erode, to defer any recovery
the Collector,
finally
until the issues are decided by
proceedings
Hon’ble
the Supreme Court.
..2..
Accordingly, in the 2019,
the then District
year
Erode,
Collector, after taking into consideration
the of the the
before
pendency proceedings
Hon’ble High Court and the Hon’ble
Supreme
Court, withdrew the revenue recovery
initiated
under the Revenue Recovery
proceedings
Act.
However, the District Erode,
Collector,
present
fresh
has now initiated recovery
proceedings
Revenue Recovery
under the Act, 1864, for
recovery of the aforesaid of
amount
Rs.12,72,30,170/- Twelve
Crores Seventy
(Rupees
Two Lakhs Thirty Thousand One Hundred and
only).
Seventy
Period for June 2003 to March 2016
6 which communication
would if
be applicable, stated
7 Expected Rs.12,72,30,170/-
financial implications on
the listed if any
company,
Details Not Applicable
8 of any aberrations/non-
compliances identified by the
authority in the communication
9 Details Not Applicable
of any or
penalty
restriction
or sanction imposed
to the communication
pursuant
1O Action(s)
taken by listed company is
The Company consulting its legal
presently
withrespectin the communication legal
counsel and evaluating the appropriate
remedies available including filing appeal
before the appropriate Government authority
initiating appropriate
and/or before
proceedings
the Hon’ble High Court and/or the Hon’ble
The Company it has
Supreme Court. believes that
to challenge
valid legal the aforesaid
grounds
and will take all appropriate steps
proceedings
its interests.
protect
11 Any relevant information NIL
other