Britannia Industries has issued an official clarification under Regulation 30 of SEBI (LODR) Regulations, 2015, addressing market rumours regarding potential operational disruptions due to industrial gas supply issues linked to Middle East conflicts. The formal statement was signed by Chief Executive Officer and Managing Director Rakshit Hargave.

Official Regulatory Statement

The company received multiple enquiries and noted various reports suggesting potential disruption to operations due to industrial gas supply challenges. In response, Britannia Industries provided a comprehensive clarification to address stakeholder concerns and market speculation.

Current Operational Status

The food manufacturer confirmed that its operations remain stable across all manufacturing facilities. The company emphasized that industrial gas supply issues have not caused any significant operational disruptions to date.

Fuel Flexibility and Contingency Measures

Britannia Industries highlighted its operational flexibility through diverse fuel usage across manufacturing facilities. The company utilizes LPG, PNG, Biomass, and liquid fuels, maintaining the capability to switch between fuel types through technical adjustments when feasible.

Future Preparedness and Monitoring

The company stated it will continue monitoring developments while implementing appropriate measures to ensure operational continuity. Management expressed confidence in effectively managing potential future challenges and committed to making necessary disclosures as required under regulatory frameworks. Britannia Industries also expressed confidence in the Government of India's efforts to address industry challenges related to Middle East conflicts.

Britannia Industries Limited has received a Goods and Services Tax (GST) demand order worth ₹6.37 crore from tax authorities, relating to alleged incorrect classification of goods supplied over a four-year period. The company disclosed this development through a regulatory filing under SEBI listing regulations.

GST Order Details

The Joint Commissioner of CGST & Central Excise, Thane issued the order under Section 74 of the Central Goods and Services Tax Act, 2017. The company received the order via email on March 2, 2026 at 10:14 AM IST.

Nature of Alleged Violations

The GST order covers the period from FY2020-21 to FY2023-24 and alleges non-payment of tax due to incorrect classification of goods supplied by the company. The tax authorities have quantified the total demand at ₹6.37 crore, which includes both the tax liability and penalty components, along with applicable interest charges.

Company's Response and Impact Assessment

Britannia Industries has stated that the order will have no material impact on the company's financials, operations, or other activities. The company emphasized that the order is appealable under GST law provisions.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided comprehensive details as required under SEBI Master Circular dated January 30, 2026, ensuring full transparency with stakeholders regarding the regulatory development.

The company has indicated its intention to take necessary actions, including exercising all available legal remedies under GST law to address the demand order through appropriate appellate channels.