Britannia Industries Limited — Others, 18-04-2025: Action(s) taken or orders passed

Britannia has announced a board meeting to discuss an order received from the Central GST authority regarding an alleged reversal of ineligible Input Tax Credit for FY 2017-18. The order stipulates a total demand of ₹36.78 crore, including tax, interest, and penalties. Although the order is time barred and can be contested, the company indicates that it will take the necessary legal actions. There is no expected material impact on Britannia's financials or operations from this order, suggesting a potentially neutral sentiment for investors, with opportunities for legal resolution ahead.