Jubilant Foodworks Limited — Others, 24-10-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Jubilant FoodWorks has received a tax demand of Rs. 216.19 crores from the Income Tax Department related to FY 2020-21. The company disputes this demand, citing errors in the assessment. Jubilant FoodWorks is filing for rectification and plans to appeal the decision, expecting a favorable outcome with no anticipated significant financial impact. For further details, clients can check the company's website.