Archive · 31 May 2025
Tasmac Liquor Monopoly Fails to Publish Annual Reports for Eight Years
Imagine a big company that sells alcohol in Tamil Nadu.
This company, called Tasmac, is supposed to tell everyone how it's doing each year by publishing a report.
Think of it like a school report card.
However, Tasmac hasn't published its report in eight years!
That means people don't know how much money the company is making, or how it's spending its money.
This is a problem because the law says they have to share this information.
Other government companies do publish their reports, but Tasmac isn't.
The government minister said he'd look into why, because these reports are super important.
Tasmac, a state-owned liquor company, hasn't published its annual report for eight years.
The last published report was for the 2016-17 financial year.
Under the Companies Act, annual reports are legally required and should be public.
The Prohibition and Excise Minister stated the reports were placed in assembly till 2023-24 and that the 2024-25 report is under preparation, but public access is missing.
An independent auditor's report in 2016-17 highlighted procurement policy concerns.
- Who
- Tasmac, a state-owned liquor company, is the subject of the article, and the Prohibition and Excise Minister S Muthusamy commented on the issue.
- What
- Tasmac, the state-owned liquor monopoly in Tamil Nadu, has not published its annual reports for eight years, failing to provide stakeholders with a detailed overview of its activities and financial performance.
- When
- Tasmac has not published its annual report for eight years, with the last one being for the 2016-17 financial year.
- Where
- The issue concerns the Tamil Nadu State Marketing Corporation Ltd (Tasmac) in Chennai, India.
- Why
- The reasons for not publishing the reports are unclear; however, the minister said that he would check why they were not made public. One of the key accusations against Tasmac by the ED was its lopsided procurement favoring a few distilleries and breweries.
- Last Annual Report Published
- 2016-17 Financial Year
- Number of Years Without Report
- 8
- Company
- Tamil Nadu State Marketing Corporation Ltd (Tasmac)
- Minister Contacted
- Prohibition and Excise Minister S Muthusamy
- Legal Requirement
- Annual reports must be accessible to the public
- Similar Company Compliance
- Tamil Nadu Power Distribution Corporation published report for 2023-24