On February 18, Triveni Engineering & Industries Limited informed BSE and NSE regarding the orders passed by the statutory authority.
In a filing, the Company in a disclosure mentioned that it has received six separate orders, all dated 9th February, 2024, from the office of Excise Commissioner, Prayagraj, imposing penalty aggregating to about Rs.3.93 crore towards ENA lost in six accidental tankers.
The Date of receipt of order was 17th February, 2024.
It stated in disclosure that the matter pertains to ENA lost in six different tankers accidents during the years 2011 to 2015 for different transactions. Considering the merits of the case, the Company intends to file writ petition against the said orders before the Hon’ble High Court.
Company informed that there seems to be no impact on financial, operation or other activities of the Company, except to the extent of about Rs.3.93 crores.
