Jubilant FoodWorks Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
JUBLFOOD · price
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Jubilant FoodWorks has received a GST order dated March 17, 2026 from the Additional Commissioner, CGST Commissionerate, Meerut, alleging incorrect classification of goods supplied between distinct GSTINs under the same PAN (intra-company transfers) for FY 2019-20 to 2024-25. The order raises a GST demand of ₹15.36 crore, an equal penalty of ₹15.36 crore, plus applicable interest. The company disagrees with the order, says it ignores the merits of its case, and is in the process of filing an appeal. It expects the demand to be dropped after the appeal and has stated there is no material impact on its financials or operations.
While the headline tax and penalty demand adds up to roughly ₹30.7 crore plus interest, the company views it as contestable and not material to its overall business. Investors should monitor the appeal outcome, but near-term effect on the stock is likely limited given management's confidence in overturning the order.