Patanjali Ayurved Ltd has disclosed the creation of a Non-Disposal Undertaking (NDU) on 282,907,091 equity shares, representing 26% of the equity share capital of Patanjali Foods . The encumbrance was executed in favour of lenders in connection with financing facilities availed by Patanjali Ayurved, as declared in a filing submitted on June 8, 2026.

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The NDU constitutes an encumbrance within the meaning of Regulation 28(3) of the SAST Regulations. Apart from this specific disclosure, no other encumbrance has been directly or indirectly created on the shares held by Patanjali Ayurved in Patanjali Foods Limited other than those already disclosed during the financial year ended March 31, 2026.

The NDU was executed in physical form. However, the corresponding marking or creation of the encumbrance in the depository system is presently pending and has not yet been recorded with the Depository.

Key Details of the Encumbrance

The filing was signed by Yaj Dev Arya, CFO of Patanjali Ayurved Ltd, on behalf of the Promoter Group entities of Patanjali Foods Limited.

Patanjali Foods Limited successfully resolved a tax dispute after the Office of the Assistant Commissioner (ST), Royapuram Assessment Circle, Chennai, dropped the GST demand proceedings initiated against the company. The authority accepted the company's submissions regarding alleged discrepancies in GST returns for FY 2022-23, concluding that no short payment of tax exists. This decision removes a potential financial liability of Rs 1352,92,49,106 plus interest that was initially claimed by the department.

The company had received a show cause notice dated May 25, 2026, under Section 73 of the Tamil Nadu Goods and Services Tax Act, 2017, and the Central Goods and Services Tax Act, 2017. The notice alleged discrepancies in the GST returns for the financial year 2022-23 and demanded the specified amount towards tax and interest. Following the examination of the company's reply and records, the authority determined that the proposed demand was not sustainable.

Order Details and Closure

In an order received on June 12, 2026, the authority rectified an error apparent on record under Section 161 of the Tamil Nadu Goods and Services Tax Act, 2017. The proceedings initiated vide DRC-01 have been closed, and the matter stands concluded. The company confirmed that there is no financial impact resulting from this order.

The disclosure was submitted to the exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ramji Lal Gupta, Company Secretary, verified the accuracy of the information provided.

Key Disclosures