Chandigarh, February 1, 2025 – Rana Sugars Limited (BSE: 507490, NSE: RANASUG) has filed an appeal against a tax demand order amounting to approximately ₹1.55 crore raised by the Deputy Commissioner, Moradabad Sector-1, Uttar Pradesh, for the financial year 2020-21.
The company had earlier informed the stock exchanges on November 8, 2024, about the tax demand issued for alleged violations. In a latest regulatory filing, Rana Sugars confirmed that it has officially contested the demand before the Joint Commissioner (Appeals), Moradabad, submitting both online and physical petitions under acknowledgment number AD091224074738O.
The company has assured stakeholders that it is addressing the issue through appropriate legal channels and will provide further updates as the case progresses.
Rana Sugars Limited, a key player in the sugar industry, operates multiple manufacturing units across India. The company remains committed to resolving the matter in compliance with legal and regulatory frameworks.
For further updates, visit www.ranasugars.com.