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 Assistant Commissioner GST & Central Excise, Bhubaneshwar-II division, Bhubaneshwar.
BRITANNIA · price
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Britannia Industries has received an order under Section 74 of the CGST Act, 2017 from the Assistant Commissioner of GST & Central Excise, Bhubaneshwar-II division, alleging incorrect availment of Input Tax Credit for FY 2019-20. The total demand is Rs. 48.59 lakh, comprising Rs. 24.30 lakh in tax and an equal amount as penalty. The order was received via email on 30th December 2025. The company has stated there is no material impact on its financials, operations, or other activities, and plans to appeal against the order.
The demand amount of Rs. 48.59 lakh is negligible compared to Britannia's overall financial scale, and the company has confirmed no material impact. The stock is unlikely to be materially affected, though investors should watch for updates on the appeal outcome.