Megastar Foods Limited has informed the Exchange about follow up Update in the matter of Announcement dated 15.04.2026 filed under Regulation 30 (2) of SEBI LODR Regulations read with Clause 20 Part A of Para A of Schedule III of LODR Regulations

Megastar Foods Limited received an update that Punjab State Agricultural Marketing Board has quashed a notice from Market Committee, Rupnagar. The Market Committee had alleged the company failed to procure a license and demanded Rs 36.69 crore each for Market Committee Fee and RDF Fee (total ~Rs 73.37 crore). After the company submitted representations to the Licensing Authority, the Board found the allegations baseless and unjustified. The Board directed Market Committee, Rupnagar to dispose of the matter. The company expects no financial impact as it will be fully absolved of all obligations under this notice.