Ravi Kumar Distilleries Limited Announces Q2 FY26 Unaudited Results, Highlights Legal Disputes and Operational Updates

Ravi Kumar Distilleries Limited Announces Q2 FY26 Unaudited Results, Highlights Legal Disputes and Operational Updates​

Ravi Kumar Distilleries Limited has released its Unaudited Financial Results for the quarter ended June 30, 2026. The company's Board of Directors approved these results during a meeting held on August 14, 2026, and confirmed that the 33rd Annual General Meeting is scheduled for September 28, 2026.

The quarter’s standalone unaudited financial results indicate specific performance across key operational areas.

Operational and Financial Insights​

The company confirmed that its single reportable segment is the manufacturing of Indian Made Foreign Liquor (IMFL). A notable operational adjustment during the quarter was the write-back of a sundry creditors balance amounting to Rs. 240.00 lakhs, which had been outstanding for a significant period and was deemed no longer payable, resulting in an addition to Other Income.

The results were reviewed by independent chartered accountants, who noted that while the statements comply with Indian Accounting Standards (Ind AS), prior reports concerning certain matters have been qualified.

Focus on Recoverables and Investments​

The review highlighted several aspects related to disputed assets and legal proceedings within the company’s balance sheet:

• Disputed Amounts: The company holds Other NonCurrent Assets amounting to Rs. 2,900.25 Lakhs, representing amounts recoverable from various parties under dispute. Ravi Kumar Distilleries Limited has initiated action for recovery of these funds. These matters include a directed repayment of Rs. 33.83 Crores along with interest at 12% per annum by Mr. Anil Agrawal and his Associates, as mandated by an SEBI Order dated March 12, 2019. Management stated that no provision for Expected Credit Loss (ECL) was made on these amounts at this time.
• Investment in Liquor India Limited: The company holds a NonCurrent Investment of Rs. 825.71 Lacs in shares of 'Liquor India Limited'. This investment is related to a disputed sale agreement with Lemonade Shares and Securities Private Limited, following the NCLT's decision that the petition filed by the company was not maintainable. Ravi Kumar Distilleries Limited has since filed an appeal against this NCLT order, along with filing SLP in the Supreme Court of India. Due to pending litigation, the company has made no provision for diminution in value or Expected Credit Loss regarding the loan to Liquor India Limited.
• Financial Statement Observations: The review also noted that confirmations were not obtained as of June 30, 2026, concerning certain financial assets such as Sundry Debtors and Sundry Creditors, and no allowance for expected credit loss was recognized on these financial assets. Furthermore, the company has statutory dues totaling Rs. 291.15 Lacs pending deposit with government authorities; management did not estimate an overall liability for interest on these delayed deposits, and thus no provision for this impact was made in the Standalone financial Statements.

RKDL Stock Price Movement​

Shares of Ravi Kumar Distilleries Limited slipped in post-market trading today, concluding down 0.92% to settle at ₹18.63. The stock saw a traded volume of 12,485 shares during the session.