Notice from Market Committee, Rupnagar over alleged fee non-payment

MEGASTAR · price

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AI summary

Megastar Foods received a notice from Market Committee, Rupnagar dated 09.04.2026 (received 13.04.2026) alleging non-payment of Market Committee Fee and RDF Fee of approx Rs. 36.57 crore each. The company says it already holds a valid license from Punjab State Agricultural Marketing Board valid till 31.03.2030, and as a Processing Unit in Punjab, it is not liable for these fees. It plans to approach the Mandi Board and take legal recourse. No immediate financial impact expected.

Likely market impact

Potential exposure of ~Rs 73 crore if adjudication goes against the company. Management confident of favorable outcome, but uncertainty remains.