Golden Tobacco Ltd. News and Updates

Keep track of all breaking news on Golden Tobacco Ltd. from all sources in a single place.

02 Jun 2025, 09:42PM

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NCLAT scraps audit, reinstates Resolution Professional at Golden Tobacco

Business Standard

The Insolvency appellate tribunal NCLAT has set aside the directions of the NCLT for a forensic audit of Golden Tobacco, and a change in the resolution professional of the debt-ridden cigarette maker. Passing an order over a batch of petitions filed against the NCLT order, the National Company Law Appellate Tribunal also extended the timeline for completing the CIRP (Corporate Insolvency Resolution Process) of Golden Tobacco till October 17, 2025. Besides, the appellate tribunal has also directed the NCLT to decide over the claims of financial creditors -- Central Bank of India, Arrow Engineering and others and then to reconstitute the lenders' body -- Committee of Creditors (CoC). "The direction of the Adjudicating Authority to conduct a forensic audit by KPMG is set aside," said a two-member bench comprising Chairperson Justice Ashok Bhushan and Member Barun Mitra. Vadodara-based Golden Tobacco owns cigarette brands such as Panama, Chancellor, Golden's Gold Flake and Taj Chhap. I

Golden Tobacco Ltd. is trading below all available SMAs

Golden Tobacco Ltd.

16 Feb 2021

33.75

-0.44%

Golden Tobacco Consolidated December 2020 Net Sales at Rs 4.65 crore, up 75.28% Y-o-Y

Moneycontrol

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Golden Tobacco Ltd. is trading below all available SMAs

Golden Tobacco Ltd.

02 Jan 2018, 10:10PM

33.75

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Golden Tobacco: Open offer @ 101

Business Line

Pramod Jain (Plus Corporate Ventures Pvt Ltd - acquirer) and a PAC have made an open offer to the shareholders of Golden Tobacco. They plan to buy 44.02 lakh shares at 101 apiece (plus interest...

Golden Tobacco Ltd. is trading below all available SMAs

Golden Tobacco Ltd.

31 Jul 2016

33.75

-0.44%

BusinessLine twenty years ago today: Golden Tobacco MD arrested

Business Line

The Managing Director of Golden Tobacco Co. Industries Ltd (GTC), Mr. P. Khelan, was arrested on Tuesday by the Directorate General of Anti-Evasion, Central Excise, Madras zone, on charges of evasion...

Golden Tobacco Ltd. is trading below all available SMAs

Golden Tobacco Ltd.

10 May 2016

33.75

-0.44%

Golden Tobacco to challenge Rs 80.71-crore penalty before ITAT

Economic Times

NEW DELHI: Dalmia Group firm Golden Tobacco Ltd today said it will challenge Rs 80.71-crore penalty confirmed by the appellate authority of the Income Tax department. The company, which is already contesting the original demands at various levels, would also challenge it before the Income Tax Appellate Tribunal (ITAT), Golden Tobacco said in a BSE filing. "The company is likely to succeed, consequently these demand will automatically be quashed. The company will further challenge these orders also before ITAT," it said. The commissioner of Income Tax (Appeals) has confirmed penalty on the company for assessment year 1984-85 and 1986-87 totalling Rs 80.71 crore. Golden Tobacco has cigarettes brands as Panama, Taj Chhap Deluxe, Style Mini Kings, Chancellor, Platinum, Flair Kings and June Slim. It also sells cigars under the brand name of Just Black and Lips.

Golden Tobacco Ltd. is trading below all available SMAs

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