Banna Amman Sugars

Bannari Amman Sugars received a recovery order from the Erode District Collector demanding ₹12.72 crore in tax and interest under the Tamil Nadu Tax on Consumption or Sale of Electricity Act. The demand covers the period from June 2003 to March 2016 and was issued under Section 5 of the Revenue Recovery Act. The company had previously obtained a favourable High Court order in 2012 on its own writ petition, and the then District Collector withdrew similar recovery proceedings in 2019 while matters remained pending before the Supreme Court. The current Collector has now revived the recovery action despite the continuing legal uncertainty. The company is consulting legal counsel and intends to challenge the fresh proceedings through appropriate legal remedies, citing valid grounds for its position. No provision appears to have been made for this contingent liability in prior financial disclosures.

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July 2 (Reuters) - Bannari Amman Sugars Ltd BANN.NS:

• BANNARI AMMAN SUGARS LTD - DISTRICT COLLECTOR STARTS FRESH RECOVERY PROCEEDINGS AGAINST CO

• BANNARI AMMAN SUGARS LTD - RECOVERY PROCEEDINGS FOR 127.2 MILLION RUPEES

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June 29 (Reuters) - Bannari Amman Sugars Ltd BANN.NS:

• BANNARI AMMAN SUGARS - REPORTS CYBER SECURITY INCIDENT AT DISTILLERY UNIT IN TAMILNADU

• BANNARI AMMAN SUGARS - SAYS NO IMPACT ON ROUTINE OPERATIONS FROM CYBER SECURITY INCIDENT

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May 27 (Reuters) - Bannari Amman Sugars Ltd BANN.NS:

• BANNARI AMMAN SUGARS LTD - DIVIDEND OF 12.5 RUPEES PER SHARE

• BANNARI AMMAN SUGARS LTD MARCH-QUARTER NET PROFIT 415.8 MILLION RUPEES

• BANNARI AMMAN SUGARS LTD MARCH-QUARTER REVENUE FROM OPERATIONS 2.82 BILLION RUPEES

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** Shares of sugar stocks rise between 0.6% and 2.5% day after India issued a notification to formally incorporate higher ethanol-blended fuels

** Includes provisions for E85 fuel, a blend of 85% ethanol with petrol, and E100, which would allow vehicles to run on nearly pure ethanol

** Ethanol is a byproduct of sugar manufacturing and refining through fermentation

** Avadh Sugar and Energy AVAD.NS leads with 2.5% gain, Shree Renuka Sugars SRES.NS and Dhampur Sugar Mills DAMS.NS both gain 2.4%

** E-I-D Parry EIDP.NS, Bannari Amman Sugars BANN.NS, Dalmia Bharat DALB.NS and Bajaj Hindusthan Sugar BJHN.NS up between 0.6% and 1.5%

(Reporting by Mridula Kumar in Bengaluru)

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Feb 6 (Reuters) - Bannari Amman Sugars Ltd BANN.NS:

• DEC-QUARTER NET PROFIT 483.9 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 6.44 BILLION RUPEES

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** Balrampur Chini Mills BACH.NS, Dalmia Bharat Sugar and Industries DLMI.NS, Triveni Industries TREI.NS, Shree Renuka Sugars SRES.NS, Bannari Amman Sugars BANN.NS, Bajaj Hindusthan Sugar BJHN.NS, Dhampur Sugar Mills DAMS.NS, Avadh Sugar AVAD.NS rise between 0.41% and 5.28%

** Indian government plans to allow 1.5 million metric tons of sugar exports, per Reuters report

** Exports meant for 2025-26 season, which began on October 1, with final order expected soon, per government source

** Higher exports expected to reduce domestic surplus resulting from lower diversion for ethanol production, benefitting producers

** YTD, BACH down 14%, DLMI sheds 8.2%, TREI drops 20%, SRES falls 26.5%, BANN eases 0.2%, BJHN loses 30%, AVAD slips 20%

(Reporting by Mridula Kumar)

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March 17 (Reuters) - Bannari Amman Sugars Ltd BANN.NS:

• RECEIVES DEMAND NOTICE FOR 86.9 MILLION RUPEES

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Feb 3 (Reuters) - Bannari Amman Sugars Ltd BANN.NS:

• BANNARI AMMAN SUGARS DEC-QUARTER NET PROFIT 288.1 MILLION RUPEES

• BANNARI AMMAN SUGARS DEC-QUARTER REVENUE FROM OPERATIONS 4.21 BILLION RUPEES

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April 5 (Reuters) - Bannari Amman Sugars Ltd BANN.NS:

• UNLAWFUL ASSEMBLY OF CERTAIN LOCAL PEOPLE AT SUGAR FACTORY AT ALAGANCHI VILLAGE, KARNATAKA CONTINUES

• THE LOCAL PEOPLE ARE NOT DISTURBING CO'S NORMAL OPERATIONS ANYMORE

Source text for Eikon: ID:nNSE1XMCrL

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March 13 (Reuters) - Bannari Amman Sugars Ltd BANN.NS:

• BANNARI AMMAN SUGARS LTD- NORMAL OPERATIONS OF FACTORY IN MYSORE DISTRICT GETTING DISTURBED

• BANNARI AMMAN SUGARS LTD- CERTAIN ASSOCIATIONS ALONG WITH LOCALS DEMANDING FOR EMPLOYMENT FOR CANDIDATES

• BANNARI AMMAN SUGARS LTD- TAKING NECESSARY STEPS FOR SMOOTH OPERATIONS, MINIMIZE DISTURBANCE

Source text for Eikon: ID:nBSE3g2DQC

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Feb 12 (Reuters) - Bannari Amman Sugars Ltd BANN.NS:

• BANNARI AMMAN SUGARS DEC-QUARTER NET PROFIT 680.7 MILLION RUPEES VERSUS PROFIT 408.5 MILLION RUPEES

• BANNARI AMMAN SUGARS DEC-QUARTER REVENUE FROM OPERATIONS 7.68 BILLION RUPEES VERSUS 9.32 BILLION RUPEES

Source text for Eikon: ID:nBSE49Pn3j

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** Shares of Bannari Amman Sugars BANN.NS rise as much as 7% to 2741.9 rupees, highest since Sept 22

** The sugar manufacturer posted a 81.3% jump in September quarter profit to 488.1 mln rupees ($5.87 million)

** Rev from ops rose 17.6% to 6 bln rupees

** Stock up 4.4% as of 9:32 a.m. IST, trimming YTD losses to ~4%

($1 = 83.2200 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Oct 25 (Reuters) - Bannari Amman Sugars Ltd BANN.NS:

• INDIA'S BANNARI AMMAN SUGARS SEPT-QUARTER NET PROFIT 488.1 MILLION RUPEES VERSUS 269.3 MILLION RUPEES

• BANNARI AMMAN SUGARS SEPT-QUARTER REVENUE FROM OPERATIONS 6 BILLION RUPEES VERSUS 5.1 BILLION RUPEES

Source text for Eikon: ID:nBSE6dGh5P

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Aug 3 (Reuters) - Bannari Amman Sugars Ltd BANN.NS:

• INDIA'S BANNARI AMMAN SUGARS JUNE-QUARTER NET PROFIT 135.9 MILLION RUPEES VERSUS PROFIT 256.9 MILLION RUPEES

• BANNARI AMMAN SUGARS JUNE-QUARTER REVENUE FROM OPERATIONS 4.31 BILLION RUPEES VERSUS 4.27 BILLION RUPEES

Source text for Eikon: ID:nNSE6XcTMp

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May 24 (Reuters) - Bannari Amman Sugars Ltd BANN.NS:

• BANNARI AMMAN SUGARS LTD - DIVIDEND OF 12.5 RUPEES PER SHARE

• INDIA'S BANNARI AMMAN SUGARS MARCH-QUARTER NET PROFIT 499.2 MILLION RUPEES VERSUS 242.8 MILLION RUPEES

• BANNARI AMMAN SUGARS MARCH-QUARTER REVENUE FROM OPERATIONS 6.56 BILLION RUPEES VERSUS 4.62 BILLION RUPEES

Source text for Eikon: ID:nBSE821pyK

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