Jubilant Foodworks receives GST demand notice of ₹46.91 Cr

1 min read Updated on 14 Jul 2026, 12:23 PM

Reviewed by

Suketu GScanX News Team

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Jubilant FoodWorks Limited disclosed receipt of a Show Cause Notice from the GST Department proposing a demand of ₹46,90,96,051 for Financial Year 2026-27. The notice alleges incorrect reversal of Input Tax Credit, though the company asserts this has no financial impact. The company intends to file detailed objections to contest the notice.

*this image is generated using AI for illustrative purposes only.

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

Particulars	Details
Nature of Communication	Show Cause Notice (SCN) in Form GST DRC 01
Date of Receipt	July 13, 2026
Proposed Demand	₹46,90,96,051
Period Under Scrutiny	Financial Year 2026-27
Issuing Authority	Deputy Commissioner, DGSTO – 5
Reason for Notice	Alleged incorrect ITC reversal in GST returns
Company's Stance	Will file objections; expects demand to be dropped

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.

Historical Stock Returns for Jubilant FoodWorks

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.14%	-2.84%	-1.46%	-20.96%	-39.89%	-33.68%

What is the likelihood of this dispute escalating into prolonged litigation if the tax authority rejects the company's initial objections?

Could this GST scrutiny trigger similar audits or notices for Jubilant FoodWorks for other financial years?

How might the management's focus on resolving this regulatory issue impact operational execution or expansion plans in the near term?

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Jubilant FoodWorks record date for FY 2025-26 dividend on Jul 17

1 min read Updated on 11 Jul 2026, 04:22 PM

Reviewed by

Ashish TScanX News Team

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Jubilant FoodWorks has fixed July 17, 2026 as the record date for a ₹1.20 per share dividend, representing 60% of the face value of ₹2 each for FY 2025-26. The dividend, recommended by the Board on May 20, 2026, is subject to shareholder approval at the upcoming Annual General Meeting. Eligible shareholders will receive the payment within 30 days of the AGM, subject to tax deduction at source.

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jubilant foodworks has fixed Friday, July 17, 2026 as the record date to determine shareholder eligibility for a dividend payment. The company has recommended a dividend of ₹1.20 per equity share, which represents 60% of the face value of ₹2 each for FY 2025-26. This payout is subject to the approval of shareholders at the ensuing Annual General Meeting.

The Board of Directors of Jubilant FoodWorks Limited initially recommended the dividend during its meeting held on May 20, 2026. Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has now established the record date to identify members entitled to receive the dividend.

Shareholders holding shares in electronic form must be registered as Beneficial Owners in the lists furnished by National Securities Depository Limited and Central Depository Services (India) Limited at the end of business hours on July 17, 2026. For those holding shares in physical form, their names must appear as members in the Register of Members of the Company as of the same date.

Once approved by shareholders, the dividend will be paid within 30 days from the date of the Annual General Meeting. The payment will be subject to the deduction of tax at source for applicable members or their mandates.