Patanjali Foods Limited has successfully allotted 1,86,082 equity shares to eligible employees under its Employee Stock Option Plan 2023, marking another milestone in the company's employee benefit initiatives. The allotment was approved by the Nomination and Remuneration Committee of the Board of Directors through a circular resolution passed on March 13, 2026.

Share Allotment Details

The company allotted equity shares with specific financial parameters that demonstrate the value proposition for employees:

Impact on Share Capital Structure

The allotment has resulted in a notable change to the company's capital structure. The issued and paid-up equity share capital increased following the ESOP exercise:

Regulatory Compliance and Share Characteristics

The allotment was conducted in full compliance with SEBI regulations, specifically under Regulation 10(c) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has filed the necessary disclosures with both BSE Limited and National Stock Exchange of India Limited.

Key features of the allotted shares include:

• The shares are fully paid-up and rank pari passu with existing equity shares
• All dividend and other rights are identical to existing shares
• No lock-in period applies to these shares
• The shares are issued in demat form under ISIN INE619A01035

ESOP Plan Background

The PFL Employee Stock Option Plan 2023 represents the company's commitment to employee participation in its growth story. Previous filings related to this ESOP were made on February 05, 2024 and November 17, 2025, with corresponding filing numbers BSE - 194263 & 251753 and NSE – 39863 & 51933.

The exercise price of Rs. 420.75 per share, with a premium of Rs. 418.75 over the face value, reflects the market valuation at the time of the ESOP grant. This pricing mechanism ensures that employees benefit from the company's performance while aligning their interests with shareholders.

The successful completion of this ESOP allotment demonstrates Patanjali Foods Limited's ongoing commitment to employee welfare and retention through equity participation. The newly allotted shares will be available for trading on both BSE and NSE, providing liquidity options for the employee beneficiaries.

Patanjali Foods Limited has received an unfavorable ruling from the CGST Appeals office, resulting in penalties being imposed on its top executives. The Office of the Commissioner, CGST (Appeals), Meerut has upheld the original order and imposed financial penalties on the company's leadership.

Appeals Order Details

The CGST Appeals office has rejected both appeals filed in the matter - one by the Principal Commissioner, CGST, Uttar Pradesh, and another by Patanjali Foods Limited itself. The authority upheld the Order-in-Original dated January 10, 2025, passed by the ADC, Central Goods and Service Taxes, Meerut.

Executive Penalties Imposed

The appeals authority has imposed specific penalties on the company's key executives in connection with the GST matter. The penalties target the individuals in their capacity as responsible officers of the company.

Company's Response and Financial Impact

Patanjali Foods Limited has stated that it does not expect any financial liability from these penalties imposed on its executives. The company has emphasized that the Rs. 10,000 penalty on each executive will not have any impact on the company's financial, operational, and other activities.

The matter pertains to a GST demand as specified in the original order dated January 10, 2025. The company has indicated that it will be taking necessary action to defend its case before the appellate authority, suggesting further legal proceedings may follow.

Regulatory Compliance

This disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that due to weekend holidays, the disclosure was submitted after the specified timelines. This development follows previous intimations by the company dated April 26, 2024, January 11, 2025, and August 06, 2025, regarding pending litigation related to Central Goods and Service Tax.