Patanjali Foods Limited (PATANJALI) — Announcement
📢 Key Event
Patanjali Foods receives show cause notices over alleged ineligible ITC claims
🔄 What Changed
None
🔮 What's Next
None
💡 Investor Takeaway
Investors should monitor resolution of GST show cause notices for potential financial impact.
⚠️ Risks
Potential financial liability from GST dispute
Patanjali Foods disclosed receipt of show cause notices from Uttarakhand's State Tax Department alleging ineligible input tax credit claims for FY 2022-23, demanding Rs. 4,07,16,282 in tax plus Rs. 72,55,70,769 in penalties. The company states it is consulting tax advisors and will respond within prescribed timelines, asserting adequate grounds to defend its position and currently expecting no financial liability.
About Patanjali Foods Limited (PATANJALI)
Fast Moving Consumer Goods · Agricultural Food & other Products · Listed on NSE
Market Cap: ₹50,036.47 Cr
P/E: 30.3
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.