Heritage Foods Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
HERITGFOOD · price
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Heritage Foods Limited has received a favourable order from the Office of the Assistant Commissioner of Central Tax, Banjara Hills Division, sanctioning a GST refund of Rs. 153.88 Lakhs. This refund relates to differential GST paid under protest on Flavoured Milk supplies made in Telangana between July 1, 2017 and October 31, 2021. The refund follows a successful appeal before the Commissioner (Appeals) against earlier refund rejection orders dated March 20, 2025. The amount comprises IGST of Rs. 5.54 Lakhs, CGST of Rs. 74.17 Lakhs, and SGST of Rs. 74.17 Lakhs. No penalty, restriction, or non-compliance has been flagged by the authority.
This is a positive, one-time cash inflow of Rs. 153.88 Lakhs for Heritage Foods, resolving a long-pending GST dispute in the company's favour. While the amount is small relative to the company's size, it removes an overhang and adds to near-term cash flows without any penalty or compliance concerns.