Jubilant FoodWorks Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations )
JUBLFOOD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jubilant FoodWorks (JUBLFOOD), operator of Domino's Pizza in India, has received a GST demand order from the Additional Commissioner, CGST & CX, Thane Commissionerate, Maharashtra, dated February 20, 2026 and issued on March 13, 2026. The order alleges incorrect classification of certain services under 'Restaurant Services', leading to short payment of GST for FY 2019-20 to 2021-22. The demand is for GST of ₹47.50 crore, an equal amount as penalty (₹47.50 crore), plus applicable interest — totaling roughly ₹95 crore plus interest. The company has stated that the order is incorrect, does not consider its arguments, and will file an appeal, expressing confidence that the demand is likely to be dropped. It has also clarified there is no material impact on its financial position, operations, or other activities.
The combined demand of around ₹95 crore (tax + penalty) plus interest is not material for a company of Jubilant FoodWorks' size, and the company has clearly stated no material financial impact. Short-term sentiment may be mildly negative due to the headline, but since the company is contesting the order and expects a favorable outcome on appeal, long-term impact on shareholders should be limited.