Jubilant FoodWorks Receives GST Demand Notice of INR 15.36 Crore from CGST Meerut

Jubilant FoodWorks Limited received a GST demand order of INR 15,35,60,917 plus equal penalty from CGST Meerut for alleged incorrect classification of intra-company supplies covering FY 2019-20 to 2024-25. The company disputes the order and plans to file an appeal, expecting the demand to be dropped after redressal. Management anticipates no material financial or operational impact from this development.