Huhtamaki India Limited has informed the Exchange about Demand Notice dated February 20, 2026 issued by Chief Officer, Town Municipal Council, Jigani for alleged delay in payment of property tax
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Huhtamaki India has disclosed a demand notice received from the Chief Officer of the Town Municipal Council, Jigani (Bengaluru) dated February 20, 2026. The notice relates to alleged delay in payment of property tax for the company's Bengaluru plants covering the period 2014 to 2025. The total amount demanded, including penalty, cess and the property tax itself, is Rs. 1,06,70,038 (about Rs. 1.07 crore). The company has stated that aside from this demand amount, there is no material impact on its financial position or day-to-day operations. It is currently reviewing and evaluating its right to challenge or appeal the order.
The demand size (around Rs. 1.07 crore) is small relative to Huhtamaki India's overall scale, so any direct financial hit is limited. However, the long back-period (2014-2025) and the penalty component may draw investor attention; near-term stock impact is likely minor unless the company decides to litigate and that escalates.