NSE/BSE Codes: NSE Symbol: PATANJALI, BSE Scrip Code: 500368
Summary of Key Information:
Nature of Event / Disclosure:
Regulatory disclosure under SEBI Listing Regulations regarding closure of GST proceedings and dropping of demand notice.
Involved Parties / Authorities:
- Office of the Assistant Commissioner (ST), Royapuram (C) Assessment Circle, North Division, Chennai ("the Authority")
- Patanjali Foods Limited
Date / Timeline of Event:
- Show Cause Notice received: May 25, 2026
- Company reply submitted: Not specified (after May 25, 2026)
- Order received: June 12, 2026
- Disclosure filed: June 13, 2026
Brief Description of Outcome / Dispute:
The Company received a Show Cause Notice dated May 25, 2026 from the GST Authority regarding alleged discrepancies in GST returns for the financial year 2022-23. The notice demanded ₹1352,92,49,106/- towards GST plus interest. The Company submitted its reply to the notice. The authority examined the reply and records and accepted the Company's submissions, observing that no short payment of tax exists for the period under scrutiny.
Impact of Outcome:
Financial Impact:
No financial impact on the Company. The proceedings initiated vide DRC-01 have been dropped and the matter is treated as closed. The Company does not expect any financial liability.
Operational / Business / Strategic Impact:
No operational, business, or strategic impact disclosed. The matter has been conclusively closed with no ongoing compliance requirements.
Other Implications:
No reputational, legal, regulatory, or market perception effects disclosed.
Next Steps / Required Actions:
No further actions required as the matter has been treated as closed by the authority.