Jubilant Foodworks Limited — Others, 23-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Jubilant FoodWorks has received a Show Cause Notice from the Sales Tax Officer in Delhi concerning alleged underreporting of turnover for the financial year 2020-21. The notice suggests a potential GST liability of ₹17.91 crore, plus interest and penalties totaling around ₹14.64 crore and ₹17.91 crore, respectively. However, the company asserts that there is no material impact on its financials or operations, citing a strong case to contest the allegations. The firm plans to submit a detailed response by May 21, 2025. This update may promote a positive outlook among investors, emphasizing the company's confidence in addressing this issue effectively.