Britannia Industries Limited — Others, 23-01-2025: Action(s) taken or orders passed

Britannia has received an order from the Additional Commissioner, Central Tax, Delhi, concerning a tax demand related to Input Tax Credit and tax rate issues. The total demand amounts to ₹4.33 crore, which includes tax, interest, and penalty. Despite the significant figure, the company states that there is no material impact on its financials or operations. The order is appealable, and Britannia plans to pursue necessary legal remedies under GST law. This development may present a neutral impact on investor sentiment, as the company’s financial stability remains intact despite the ongoing scrutiny.