Patanjali Foods Limited has informed the Exchange about General Updates
PATANJALI · price
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Awaiting price reaction for this filing.
The Commissioner of Central Goods and Service Tax (Appeals), Meerut, has upheld the original order dated January 10, 2025 against Patanjali Foods, rejecting the company's appeal as well as the appeal filed by the Principal Commissioner, CGST, Uttar Pradesh. A penalty of Rs. 10,000 each has been imposed personally on Managing Director Shri Ram Bharat and CFO Shri Kumar Rajesh, totalling Rs. 20,000. The matter relates to a pending GST dispute that the company has been flagging since April 2024. The company has stated that this penalty will not have any material impact on its financial, operational, or other activities. Patanjali Foods plans to take further action to defend its case before the next appellate authority.
The financial impact is negligible — a Rs. 20,000 penalty on two individuals with no corporate liability. The stock is unlikely to react meaningfully, though the prolonged GST litigation remains a lingering overhang for shareholders.