Allied Blenders and Distillers Limited (ABDL) announced on 29 Mar 25 the receipt of assessment orders from the Office of the Deputy Commissioner of Income Tax for assessment years 2014-15 to 2024-25. Its wholly-owned subsidiary, Madanlal Estates Private Limited, also received an assessment order for the assessment year 2021-22. Key details include:

• For Allied Blenders and Distillers Limited:
  • Income tax liability demand: Rs. 352.31 crores
  • Interest demand: Rs. 249.14 crores
• For Madanlal Estates Private Limited:
  • Income tax liability demand: Rs. 0.39 crore (39 lakhs)
  • Interest demand: Rs. 0.19 crore (19 lakhs)

The orders, resulting from a search operation in December 2023, were received on 28 Mar 25 and 29 Mar 25. ABDL stated it will file appeals and anticipates no significant financial impact. The Promoter Chairman has assured to personally fund any ultimate financial impact.