Negative impactCompany
Old Monk maker says Maharashtra lost ₹300 crore in excise revenue since plant shutdown in May
Mint 1 hr ago·12 Oct 2026, 2:15 pm
Mohan Rocky Springwater Pvt Ltd, the maker of the iconic Old Monk rum, has informed the Bombay High Court that its Khopoli factory has been shut since May. The company stated that this prolonged shutdown, caused by a standoff with the food safety regulator FSSAI, has resulted in a loss of approximately ₹300 crore in excise revenue for the state of Maharashtra.
This development is significant for investors as it highlights the operational risks associated with regulatory compliance. A prolonged factory halt not only disrupts production and sales but also creates uncertainty regarding the company's future cash flows. The situation also raises questions about the broader implications for the state's tax collection and the employment of the factory's workforce.
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- Category: Company.
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