Tax demand reduced from 216.19 Cr to 190.21 Cr via rectification order

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JUBLFOOD · price

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Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹592.70

prior close

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announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.7%+0.1% vs market

Restaurants peers, median of 10sector-2.0%+0.4% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Midcap 150 and 0.4 pts more than its Restaurants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Jubilant FoodWorks received a rectification order from the Income Tax Department reducing its tax demand from Rs. 216.19 Crs to Rs. 190.21 Crs for Financial Year 2020-21. The company disagrees with the order and has already filed an appeal, expecting the demand to be deleted after the appeal process. Company states no material financial implications are anticipated. This is an update to an earlier disclosure from October 2024.

Likely market impact

Tax demand cut by about 26 Crs, but company has appealed for full reversal. No material financial hit expected for now.