Triven Engineering & Industries. Ltd. has received six separate orders, all dated 9th February, 2024, from the office of Excise Commissioner, Prayagraj, imposing penalty aggregating to about INR 39.3 million towards ENA lost in six accidental tankers. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority; 17th February, 2024 (Date of receipt of order).

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.