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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Britannia Industries has received a GST order from the Assistant Commissioner of GST & Central Excise, Bhubaneshwar-II division, alleging incorrect availment of Input Tax Credit for FY 2018-19. The order, passed under Section 74 of the CGST Act, 2017, quantifies a tax demand of Rs. 24,15,018 and a penalty of an equal amount, totalling Rs. 48,30,036 (approximately Rs. 48.3 lakhs). The order was received via the GST portal on December 30, 2025. The company has stated there is no material impact on its financials, operations, or other activities, and intends to appeal the order using available legal remedies under GST law.
The demand amount is negligible compared to Britannia's overall size, and the company has explicitly stated no material financial or operational impact. Investors are unlikely to see any meaningful effect on the stock; this is a routine tax dispute that the company plans to contest through appeal.