Megastar Foods Limited has filed a disclosure pursuant to Regulation 30 and Clause 20 Para A of Part A of Schedule III of the SEBI LODR Regulations, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The disclosure concerns a communication received from the Office of the Commissioner (Appeals), Ludhiana, pertaining to two separate Goods and Services Tax (GST) appeals.

Nature of the Action/Order

  • The company received a communication from the Services Tax Appeals Commissionerate, Ludhiana, providing an opportunity to file a counter reply in two matters:
  • Appeal by the Department: An appeal filed by the GST Department before the Commissioner (Appeals), Ludhiana, challenging the vacating/dropping of a tax demand of ₹6,22,93,620 against the company.
  • Appeal by the Company: An appeal filed by Megastar Foods Limited before the Commissioner (Appeals), Ludhiana, against the confirmation of a separate tax demand of ₹1,82,82,724, along with related interest and penalty.

Date of Receipt of Communication

The communication from the Office of the Commissioner (Appeals), Ludhiana, was received on 29/06/2026.

Alleged Violations/Contraventions

The disclosure reiterates that the communication is for filing a counter reply in the two appeal matters mentioned above, with demands of ₹6.23 crore and ₹1.83 crore, respectively. No specific violations are detailed in this filing.

Financial and Operational Impact

As per the disclosure, there is no immediate financial or operational impact on the Company. The ultimate financial and operational impact can only be assessed after the passing of the final order by the Commissioner (Appeals).

The disclosure was signed by Vikas Goel, Managing Director (DIN: 05122586), on behalf of Megastar Foods Limited.