Britannia Industries Limited — Others, 04-01-2025: Action(s) taken or orders passed

Britannia has received an order from the Assistant Commissioner, CGST Kamla Nagar Division, assessing a total payable amount of ₹2.54 crore under Section 74 of the CGST Act due to disallowed transactional credits. This includes taxes, interest, and penalties of ₹0.67 crore, ₹1.19 crore, and ₹0.67 crore, respectively. Although the order is appealable, the company indicates there is no material impact on its financials or operations. Investors might see this as a neutral impact, with the potential for resolution through legal avenues.