Pursuant to Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015, this is to inform you that the Company has received an Order from the Office of the Principal Commissioner of CGST & Central Excise, Chennai North Commissionerate.
BRITANNIA · price
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Britannia Industries has received an order from the Additional Commissioner of CGST & Central Excise, Chennai North Commissionerate under Section 74 of the CGST Act, 2017. The order relates to 6 financial years (FY 2018-19 to FY 2023-24) and alleges incorrect availment of Input Tax Credit. The tax demanded is Rs. 108,50,24,763 (approximately Rs. 108.50 crores), along with an equivalent penalty and applicable interest. The order was received via the GST portal on 31st December 2025. The company has stated there is no significant impact on its financials, operations, or other activities, and intends to appeal the order and pursue legal remedies under GST law.
The Rs. 108.50 crore tax demand is sizeable on paper, but Britannia has downplayed any material financial impact and plans to contest it through appeal. Short-term stock reaction may be muted unless the market views the demand as likely to stick; final outcome depends on appellate proceedings.