GENERAL28 Sept 2026
Why is Som Distilleries stock rising today? Ace investor Prashant Jain-backed liquor share jumps 7% on this key update | Stock Market News
The Madhya Pradesh High Court has quashed the state's order rejecting Som Distilleries' excise licence renewal for 2026-27. The court told the government to renew the company's manufacturing licences within 15 days and pay ₹1 lakh in costs. Shares jumped nearly 7%, trading at ₹79 on the BSE. If you run a licence-based business, keep court orders and filings handy.
Key Statutory Highlights
- The Madhya Pradesh High Court quashed the state government's June 18, 2026 order that rejected Som Distilleries' applications for renewal of its excise licences.
- The High Court directed renewal of all the company's manufacturing licences within 15 days and awarded ₹1 lakh in costs payable by the Government of Madhya Pradesh.
- Som Distilleries shares rose nearly 7% to about ₹79 per share on the BSE after the update.
Actionable Advice for Taxpayers / Founders:If a licence renewal or state order goes against your business, keep every filing, order copy and date on record and speak to a professional about your options early. A court remedy may be available, but the outcome always depends on the facts of your case.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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