Som Distilleries and Breweries Ltd has clarified reports concerning regulatory action taken by the Madhya Pradesh Excise Department. The company stated that the action relates to a 2012 case in which it has not been a party. Management emphasized that the proceedings are arbitrary and have no direct bearing on its operations.
Som Distilleries and Breweries Ltd has issued a statement addressing recent reports of regulatory action initiated by the Excise Commissioner of Madhya Pradesh. The company highlighted that the matter pertains to a case dating back to 2012, in which Som Distilleries was not involved as a party.
The management described the action as arbitrary and assured stakeholders that the company’s operations remain unaffected. Som Distilleries reaffirmed its commitment to compliance and transparency, noting that it continues to engage constructively with regulatory authorities to resolve the matter.
Key Highlights:
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Case Background: Action linked to a 2012 case unrelated to Som Distilleries.
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Company Position: Som Distilleries has not been a party to the proceedings.
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Management View: The company termed the action arbitrary and without merit.
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Operational Impact: No disruption to ongoing business activities.
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Commitment: Continued focus on compliance, transparency, and stakeholder confidence.
Sources: Reuters, Economic Times, Business Standard