Hindustan Foods Limited has informed the Exchange about Action(s) initiated or orders passed
HNDFDS · price
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Hindustan Foods Limited received a Demand Order dated May 27, 2026 from the Commercial Taxes Department, Tindivanam, Tamil Nadu, pertaining to FY 2021-22. The order pertains to alleged wrongful claim of Input Tax Credit (ITC) under Rule 86A(a) and (c) of the CGST/SGST Act, 2017. The total demand is Rs. 19,95,330, comprising tax and penalty of Rs. 14,05,996 plus interest of Rs. 5,89,354. The company states there is no material impact on its financials, operations, or other activities, and it is in the process of contesting the order.
The financial impact is relatively minor at approximately Rs. 20 lakhs, and the company has indicated no material impact. However, it represents a tax compliance issue that investors should monitor, particularly if the demand escalates upon appeal.