Jubilant Agri & Consumer Products received a Show Cause Notice (SCN) from the Principal Commissioner – Central GST (Audit) Commissionerate, Ludhiana, proposing a GST demand of ₹5.09 crore. The notice, received via email on August 18, 2026, pertains to alleged non-payment of tax on turnover reported in a memorandum general ledger account named "Invoices to be Sent" for the fiscal years 2020-21 through 2023-24.

The GST authority has presumed that supply of goods worth ₹28.28 crore was made during this period without the issuance of invoices or payment of 18% GST. The company maintains that the SCN is based on an incorrect understanding of the facts and circumstances. Jubilant Agri & Consumer Products stated that it has a strong case to defend and is in the process of filing a detailed reply within the prescribed timelines.

Regulatory Disclosures

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the details of the communication. The event occurred on August 18, 2026, at 7:25 pm IST. The disclosure was disseminated to the National Stock Exchange of India Limited and BSE Limited.

What the Numbers Show

The proposed GST demand of ₹5.09 crore represents exactly 18% of the alleged unreported supply value of ₹28.28 crore, confirming that the authority's calculation is strictly based on the standard GST rate applied to the memorandum ledger balance. The company’s assertion that it does not anticipate financial implications suggests management views the memorandum entry as a non-taxable or already accounted-for item rather than an evasion of tax liability.

Jubilant Agri & Consumer Products published its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, on August 12, 2026. The disclosure provides investors with access to the company's latest financial performance data through stock exchange websites and the company’s official portal, ensuring transparency in compliance with regulatory norms.

The results were approved by the Board of Directors during their meeting held on August 11, 2026, after being reviewed by the Audit Committee. The publication was made in accordance with Regulation 33 read with Regulation 47(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Copies of the newspaper publications in MINT (English-All India Editions) and Hindustan (Hindi-Moradabad Edition), dated August 12, 2026, were submitted to the exchanges, containing Quick Response Codes and web links to the complete financial statements.

Regulatory Compliance and Disclosure

The company submitted copies of the newspaper advertisements to both the National Stock Exchange of India Limited and BSE Limited. The filings confirm that the financial results are accessible to investors via the company’s website at https://www.jacpl.co.in/Uploads/image/Quarter%20ended%20June%202026.pdf as well as the official exchange websites www.nseindia.com and www.bseindia.com .

Mohandeep Singh, CEO and Whole Time Director, signed the intimation on behalf of the Board of Directors. The submission serves as a formal record of the company’s adherence to listing obligations, ensuring that all stakeholders have timely access to the unaudited financial outcomes for Q1FY26.