Orkla India Limited has informed the Exchange about Action(s) taken or orders passed
ORKLAINDIA · price
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Orkla India has informed the exchanges that its merged entity, Eastern Condiments Private Limited, has received a GST order from the Kerala State Tax Department (Idukki, Adimali) demanding a total of Rs. 2.46 crore. The demand covers GST of Rs. 84.80 lakh, interest of Rs. 76.39 lakh, and an equal penalty of Rs. 84.80 lakh under Section 74 of the CGST Act, 2017. The order relates to alleged misclassification of 'ready to cook products' for the period FY 2018-19 to FY 2023-24. The order was passed on December 24, 2025, and received by the company on January 6, 2026. Orkla India stated it will contest the demand and that its management, along with legal advisors, believes its position will be upheld without any material financial impact.
The demand amount is relatively small for a listed company and the company plans to contest it, expecting no material financial impact. Shareholders are unlikely to see a meaningful effect on the stock, though any adverse outcome in the appeal process could become a watch item.