Mawana Sugars Ltd received a tax demand notice for ₹15.7 million from income tax authorities. The sugar producer, engaged in manufacturing sugar, power, and ethanol, disclosed the development amid ongoing quarterly losses, with plans to assess impact and respond accordingly.
Tax Notice Details
Mawana Sugars Ltd, a key player in India's sugar sector with operations in plantation white sugar, refined sugar, distillery ethanol, and cogeneration power, announced on December 9, 2025, receipt of a tax demand notice totaling ₹15.7 million. The notice stems from income tax assessments, adding to routine regulatory scrutiny in the cyclical sugar industry. Despite recent Q2 FY26 net loss of ₹16.13 crore, the company maintains stable operations across Uttar Pradesh facilities.
Key Highlights
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Demand Amount: ₹15.7 million (₹1.57 crore) issued by tax authorities.
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Business Segments: Sugar (core), power cogeneration, distillery (120KL/day ethanol capacity).
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Recent Financials: Q2 FY26 revenue ₹429 Cr (up 12% YoY), but PAT loss ₹16 Cr amid rising expenses.
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Company Response: Evaluating notice; no immediate material impact disclosed.
Industry Context
Sugar firms face volatile margins from cane prices and ethanol blending mandates; Mawana eyes NCLT amalgamation for efficiency.
Sources: Reuters, MarketScreener, TradingView.