Britannia Industries Limited — Others, 27-02-2025: Action(s) taken or orders passed

Britannia has announced a board meeting regarding an order received from the Joint Commissioner, SGST Corporate Circle - I, Ghaziabad, concerning a total tax demand of ₹8.98 lakh, relating to the reversal of input tax credit under the CGST Act. This includes ₹4.74 lakh in tax, ₹3.76 lakh in interest, and ₹0.47 lakh in penalty. However, the company has indicated that there is no material impact on its financials or operations due to this order. The firm plans to pursue legal remedies, signaling a positive outlook for managing this issue, with minimal risk to investors.