Som Distilleries and Breweries Limited Faces License Rejection for Bhopal Plant
Som Distilleries and Breweries Limited has received a rejection from the Excise Department regarding its application for the Excise License for the company's Bhopal plant for the fiscal year 2026-27. The company confirmed that it had submitted detailed replies and supporting submissions in response to a show cause notice issued by the Excise Department concerning the matter.The management stated that while responses were provided, the company believes that its explanations, along with the materials placed on record and the court order, do not appear to have been adequately considered by the department.
In response to the setback, Som Distilleries & Breweries Limited confirmed it is actively pursuing various legal remedies. The company is taking all necessary steps with the goal of restoring the manufacturing license as quickly as possible.
The management has also stated that it is engaging with all stakeholders and evaluating appropriate measures to mitigate the impact of this order on business operations. The company committed to keeping Stock Exchanges informed of any material developments in this challenging period.
SDBL Stock Price Movement
Som Distilleries & Breweries Limited shares today slipped by 11.64% to close at ₹75.31, weighed down by the sharp drop from its previous market close. The equity saw a significant trading day range, fluctuating between a low of ₹73.65 and a high of ₹84.09.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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