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Allied Blenders and Distillers Limited ( (IN:ABDL) ) has shared an announcement.
Allied Blenders and Distillers has disclosed that its wholly owned subsidiary, ABD Dwellings Private Limited, has received an income-tax order dated April 22, 2026, that fully eliminates a previously outstanding tax liability of Rs. 16.16 crore. The liability has been reduced to zero following the implementation of an appellate order from the Commissioner of Income-tax (Appeals), easing a contingent financial overhang for the group and removing a potential drag on its balance sheet and investor sentiment.
The company has notified the BSE and NSE of this development under SEBI’s Listing Regulations and made the disclosure available on its website in line with regulatory requirements. While no settlement terms or penalties were involved, the resolution of this tax dispute at the subsidiary level clarifies the group’s tax position and may be viewed positively by stakeholders tracking its regulatory and litigation profile.
More about Allied Blenders and Distillers Limited
Allied Blenders and Distillers Limited is an Indian alcoholic beverages company, best known for its portfolio of spirits brands in the Indian-made foreign liquor segment. Through its subsidiaries, including ABD Dwellings Private Limited, the group is active in related businesses that support its core operations and overall presence in the domestic liquor market.
Average Trading Volume: 32,347
Technical Sentiment Signal: Strong Buy
Current Market Cap: 157.9B INR
See more insights into ABDL stock on TipRanks’ Stock Analysis page.