Announced Sun, 21 Jun · 14:56 IST
Patanjali Foods faces sale ban on one sorghum flour batch in Kannur
Regulatory & Legal View source PDF
PATANJALI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.6%1-day move
₹421.45
prior close
₹425.00
base price
After-mkt
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AI summary
Patanjali Foods disclosed that the Food Safety Designated Officer in Kannur District has issued a prohibition order on the sale of one batch of Sorghum Flour after detecting excess Chlorpyriphos pesticide residue. The order is limited to Kannur District only. The company says there is no material impact on financial or operational activities, except for the value of that specific batch. Patanjali plans to file an appeal against the order.
Likely market impact
Minimal financial impact expected, limited to value of one batch. Company to appeal. Minor reputational concern on food quality compliance.