Britannia Industries Limited — Others, 19-02-2025: Action(s) taken or orders passed

Britannia has announced a board meeting concerning an order received from the Assistant Commissioner of CGST & CX, Hajipur, alleging a mismatch in input tax credit, resulting in a total demand of ₹94.96 crore, including tax, penalty, and interest. Although this demand has the potential to raise concerns, the company indicates it will not materially impact its financials or operations. Britannia plans to appeal the order, which may influence investor sentiment by presenting a potential risk, though the overall outlook remains stable in light of the company's plans to exercise legal remedies.