Regulatory15 Oct 2026, 07:30 pm
Dhampur Sugar Mills fined ₹10 Lakhs for Molasses Storage Shortfall
AI Summary
Dhampur Sugar Mills Ltd has been directed by the Office of the Molasses Controller and Excise Commissioner, Uttar Pradesh, to pay a compounding amount of ₹10,00,000 (Rupees Ten Lakh only). This penalty is due to a shortfall in the prescribed molasses storage capacity at the company's Rajpura unit for the sugar years 2021-22, 2022-23, 2024-25, and 2025-26. The company stated that the financial impact is limited to the penalty amount and there is no material impact on its overall financial or operational activities.
Key Highlights
- Company fined ₹10 Lakhs for molasses storage non-compliance.
- Penalty relates to Rajpura unit's storage capacity shortfall.
- Financial impact limited to the compounding amount.
- No material impact on overall operations expected.
Price Impact
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