Disclosure under Regulation 30(13) read with sub para 8 of Para B of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....
PATANJALI · price
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Patanjali Foods Ltd received a Show Cause Notice (SCN) from the Office of the Assistant Commissioner (ST), Royapuram Assessment Circle, Chennai, dated May 25, 2026, pertaining to the financial year 2022-23. The notice alleges discrepancies and anomalies upon comparing the Company's GSTR-3B monthly returns with GSTR-7 returns filed by TDS deductors. The tax demand amounts to Rs. 1,352,92,49,106 (approximately ₹1,353 crore, split equally between SGST and CGST), with a proposed penalty of Rs. 135,29,24,910 (10% of the demand) and 18% interest applicable. The Company states it is consulting tax advisors and believes it has adequate grounds to defend its position, and will file a response within prescribed timelines.
The Company currently does not anticipate any financial liability; however, the outcome of the proceedings could result in a significant tax and penalty demand of over ₹1,350 crore, which may impact financials if the dispute is adjudicated against the Company.