Patanjali Foods Limited has informed the Exchange about General Updates
PATANJALI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts less than Nifty Midcap 150 and 1.2 pts less than its Edible Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Patanjali Foods has received an Order-in-Original (Form DRC-07) dated March 13, 2026 from the Office of the Commissioner of Central GST and Central Excise, Kutch (Gandhidham). The order relates to alleged excess availment of Input Tax Credit (ITC), Cess ITC reversal, and non-payment of Reverse Charge Mechanism (RCM) across financial years 2019-20 to 2022-23. A penalty of Rs. 3.87 crore (Rs. 3,86,78,700) has been imposed on the company. The company has stated it expects no financial liability beyond the tax demand, interest, and this penalty, and that there will be no impact on its operations. It plans to file an appeal before the appellate authority to contest the order.
The penalty of ~Rs. 3.87 crore is relatively small for a company of Patanjali Foods' size, so the direct financial hit is limited. However, investors should watch the appeal outcome — a wider tax demand on appeal could be materially negative, while a successful defence would be a relief.