Jubilant Foodworks Limited confirmed that its promoters and persons acting in concert did not create any new encumbrances on the company's shares during the financial year ended March 31, 2026. This disclosure ensures that no additional charges or liens were placed on promoter holdings beyond those previously reported to the stock exchanges and the company. The declaration was submitted to BSE Ltd. and the National Stock Exchange of India Ltd. in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

The filing explicitly states that the promoters have not made any encumbrance, directly or indirectly, other than those already disclosed. This regulatory requirement mandates an annual declaration to maintain transparency regarding the financial commitments of promoters against their shareholdings.

The declaration was submitted on behalf of eight entities associated with the company. The list includes individual promoters and entities within the promoter group.

The document was signed by Diwakar Agrawal, Company Secretary of Jubilant Consumer Private Limited, for the records of the exchanges and the company's Audit Committee.

Jubilant FoodWorks Limited received a Show Cause Notice (SCN) from the Deputy Commissioner of GST proposing a tax demand of ₹46,90,96,051 for Financial Year 2026-27. The notice, issued on July 13, 2026, alleges that the company reversed Input Tax Credit (ITC) in an incorrect table while filing its GST returns. Despite the significant demand, the company stated that the alleged misclassification has no financial impact and does not anticipate any material financial implications.

The communication was received from the jurisdictional Deputy Commissioner (Audit) – 5.6 at the Divisional Goods and Service Tax Office (DGSTO) – 5. The SCN was issued under Section 74(A) of the KGST Act, 2017, read with Rule 142 of the KGST Rules, 2017, and relevant sections of the CGST and IGST Acts. The company contends that the authority did not consider the merits of its prior submissions.

Jubilant FoodWorks is preparing to file detailed objections with documentary proof within the stipulated timeline to counter the allegations. Management believes it has a strong case on merits and expects the SCN and the proposed demand to be dropped following these submissions. The company confirmed that no penalty or sanction has been imposed yet.

Key Details of the GST Notice

The company has disclosed that the information regarding this regulatory communication is also available on its website under the Investor Relations section. Mona Aggarwal, Company Secretary and Compliance Officer, confirmed the disclosure.