Bikaji Foods International Limited — Important, 24-01-2025: General Updates

A demand order from the office of the Principal Commissioner, CGST and Central Excise Commissionerate in Jaipur has been issued to Bikaji Foods for ₹5.54 Cr, relating to GST classification disputes. The Hon’ble High Court of Karnataka has previously stayed the proceedings, but this stay has not been acknowledged in this demand order. The company is pursuing further legal actions in this matter. Management believes that the classification issue, which is industry-wide, is not expected to significantly impact its financial or operational performance. Investors should watch closely for any future updates related to this legal matter.