HNDFDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hindustan Foods Ltd received a Demand Order dated May 27, 2026 from the Commercial Taxes Department in Tindivanam, Tamil Nadu, pertaining to FY 2021-22. The order alleges wrongful claim of Input Tax Credit (ITC) by the company. 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 has stated that there is no material impact on its financials, operations, or other activities, and that it is in the process of contesting the order.
For shareholders: The demand amount of approximately Rs. 20 lakhs is relatively small for a listed company, and management has stated there is no material impact. However, the tax compliance issue regarding ITC claims warrants monitoring as the matter is contested.