Kothari Fermentation fined ₹52.17 Lakhs by PVVNL

Kothari Fermentation & Biochem Ltd has received a penalty notice of ₹52,17,724 from Paschimanchal Vidyut Vitran Nigam Limited (PVVNL) for alleged delayed renewal/submission of Bank Guarantees. The company disputes the penalty, citing delays by the electricity distribution company in conveying requirements and approving bank changes. Kothari Fermentation is pursuing representations, appeals, and legal remedies. The company states there is no impact on its operations, and the financial impact is limited to the penalty amount, subject to the outcome of its proceedings.