ADF Foods US Subsidiary Receives $2.1M Tariff Refund

Company Disclosure

ADF Foods Limited submitted a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on July 1, 2026.

Key Transaction Details

• Refund Amount: US$ 2.1 million (equivalent to approximately ₹19.97 crore)
• Refunding Authority: U.S. Customs and Border Protection (CBP)
• Reason for Refund: Consequent to US Supreme Court directives to the US Government to refund excess tariff collected from importers

Corporate Structure Impact

The refund was received by ADF Holdings (USA) Ltd, which is identified as a wholly owned subsidiary of ADF Foods Limited.

Company Response

The company stated it "shall take suitable steps in this regard, as may be applicable."