Sula Vineyards Ltd

Sula Vineyards Ltd announced that Mr. Nicholas Cator, Non-Executive Non-Independent Director, has retired by rotation and did not seek re-appointment due to pre-occupation. The Board decided not to fill the resulting vacancy. Mr. Cator ceased to be a Director on the Board of the Company at the conclusion of the Annual General Meeting held on June 25, 2026. This change is in compliance with SEBI Listing Regulations.

Sula Vineyards Ltd announced that Mr. Nicholas Cator, Non-Executive Non-Independent Director, has retired by rotation and did not seek re-appointment due to pre-occupation. The company's board decided not to fill the resulting vacancy. Mr. Cator ceased to be a director on the board at the conclusion of the Annual General Meeting held on June 25, 2026. This change is in accordance with SEBI Listing Regulations.

Sula Vineyards Ltd has announced the closure of its trading window for all Directors, Designated Persons, and Connected Persons. This closure is effective from Wednesday, July 1, 2026, and will remain in effect until 48 hours after the declaration of the Unaudited Financial Results for the quarter ending June 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code. All relevant individuals have been advised against trading in the company's securities during this period.

Sula Vineyards Limited's wholly-owned subsidiary, Artisan Spirits Private Limited (ASPL), has completed the acquisition of identified assets from Moët Hennessy India Private Limited (MHIP) for the Domaine Chandon India estate in Dindori, Nashik. The transaction, valued at an aggregate consideration of ₹20 crore (excluding inventory and taxes), was finalized with the execution and registration of a Sale Deed on June 23, 2026. ASPL has paid the initial consideration and taken possession of the land, building, plant, and machinery. The remaining balance consideration, including payment for acquired inventory, amounting to ₹5 crore, is payable within 12 months from the closing date. This acquisition is expected to enhance Sula's wine tourism business and establish an additional destination in Nashik.

Sula Vineyards Ltd has provided a clarification to BSE Limited regarding the delay in disclosing an Order-in-Appeal dated May 29, 2026. The company's appeal against an earlier order was rejected, and the original order was upheld. The detailed order was received on June 12, 2026, and by the registered office on June 15, 2026, due to a weekend. The delay in filing the disclosure on June 16, 2026, was attributed to the time needed to assess the implications and evaluate the appropriate course of action. The company asserts the delay was unintentional and aimed at ensuring accurate information dissemination.

Sula Vineyards Ltd has received an Order-in-Appeal from the Commissioner (Appeals), CGST & Central Excise, Nashik, rejecting the company's appeal against a previous Order-in-Original. The original order confirmed a GST demand of ₹4,01,79,882 (excluding interest and penalty) and a penalty of ₹4,09,90,408. The alleged violations pertain to the GST rate on restaurant services and corporate guarantee. Sula Vineyards intends to file a further appeal before the GST Appellate Tribunal (GSTAT), expecting a favorable outcome.

Sula Vineyards Ltd announced that its Board of Directors has approved the sale of its existing registered office premises in Mumbai for a minimum consideration of ₹27 crore to an unrelated third party. This move is part of the company's strategy to optimize its asset base and align administrative infrastructure with operational needs, particularly given its core operations are based in Nashik. Concurrently, the Board approved shifting the registered office to a new location within the same building complex, effective July 1, 2026. The sale does not constitute an 'undertaking' under Section 180(1)(a) of the Companies Act, 2013.

Sula Vineyards Ltd has announced the 23rd Annual General Meeting (AGM) to be held on June 25, 2026, via video conferencing. The company has also released its Annual Report for the financial year 2025-26, including audited financial statements. The cut-off date to determine eligibility for e-voting is June 18, 2026. The AGM notice and Annual Report are available on the company's website and have been sent to registered members via email.

Sula Vineyards Ltd. will hold its 23rd Annual General Meeting (AGM) on June 25, 2026, via video conferencing. The company has set June 18, 2026, as the cut-off date to determine members' eligibility for e-voting. The Annual Report for the financial year 2025-26, including audited financial statements, has been sent electronically to members with registered email addresses and is also available on the company's website.

Sula Vineyards Ltd has announced the 23rd Annual General Meeting (AGM) to be held on June 25, 2026, via video conferencing. The company has also released its Annual Report for the financial year 2025-26, including audited financial statements. The cut-off date to determine eligibility for e-voting is June 18, 2026. The AGM notice and Annual Report are available on the company's website and have been sent to registered members via email.