United Foodbrands Limited (UFBL) — Announcement | 1 June 2026

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📢 Key Event
Company receives tax assessment order and demand notice from Income Tax authorities

🔄 What Changed
₹2.78 crore addition to income and ₹8.63 crore tax demand

💡 Investor Takeaway
Shareholders may face volatility due to unresolved tax dispute and potential financial impact.

⚠️ Risks
Potential tax liability of ₹8.63 crores if appeal fails

United Foodbrands Limited disclosed a tax assessment order from the Deputy Commissioner of Income Tax, Bengaluru, dated May 31, 2026, regarding a ₹2.78 crore addition to income for FY 2023-24 due to transfer pricing adjustments on royalty payments. The notice demands ₹8.63 crore in tax and interest, which the company disputes, citing uncredited ₹28.30 crore carry forward losses. It will appeal the order and seek rectification, emphasizing its position that the demand lacks legal basis.

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About United Foodbrands Limited (UFBL)

Consumer Services · Leisure Services · Listed on NSE

Market Cap: ₹1,414.73 Cr P/E: -219.4

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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