Megastar Foods Receives Rs 733.7 Crore Market Fee Notice

Megastar Foods received a notice from Market Committee, Rupnagar alleging non-payment of Rs 36.69 crore Market Committee Fee and Rs 36.69 crore RDF Fee.
The company filed a revised SEBI disclosure to correct an unintentional error in the originally reported fee amounts.
Megastar contends it holds a valid license from Punjab State Agricultural Marketing Board and claims processing units are exempt from such fees.
The company states the notice is not expected to have any immediate financial impact and is seeking legal recourse.