Jubilant Foodworks Limited — Others, 28-02-2025: Action(s) taken or orders passed

Jubilant FoodWorks has disclosed an order from the Joint Commissioner demanding GST payment of ₹2.71 Cr and a penalty of ₹0.27 Cr due to alleged short reversal of Input Tax Credit and non-payment of GST on royalty payments. However, the company asserts that the order overlooks the merits of their submissions and plans to contest it at appellate forums. There is no material impact on the company’s financials or operations. This update may foster a neutral sentiment among investors, given the company’s intent to challenge the order and its strong position on merits.