Patanjali Foods Limited has received a show cause notice from the Office of the Assistant Commissioner (ST), Royapuram (C) Assessment Circle, North Division, Chennai, demanding a total tax of Rs. 1352,92,49,106 plus a penalty of Rs. 135,29,24,910 for the financial year 2022-23. The notice, dated May 25, 2026, was issued under Section 73 of the Tamil Nadu Goods and Services Tax Act, 2017 and the Central Goods and Services Tax Act, 2017. The demand arises from alleged differences and anomalies identified by the tax authorities upon comparing GSTR-3B returns filed by the company with GSTR-7 returns filed by deductors.

The tax authority has demanded Rs. 676,46,24,553 each in SGST and CGST, along with a penalty of Rs. 135,29,24,910, calculated at 10% of the demand for each tax component. Additionally, the notice includes an interest charge of 18% on the CGST and SGST components. The company stated that the discrepancies were found due to alleged differences in turnover reported by the company and the deductors of TDS.

Company Response and Financial Implications

Patanjali Foods Limited is currently in the process of submitting appropriate responses in consultation with its tax advisors. The company believes it has adequate grounds to substantiate its position and intends to file an appropriate response before the relevant authority within the prescribed timelines. As of now, the company stated that it does not expect any financial liability arising from this matter.

However, the company noted that the exact financial implications cannot be determined until the completion of the proceedings. The disclosure was made to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Breakdown of Demand

Patanjali Foods has scheduled an earnings call on May 30, 2026, at 7:00 PM IST to discuss the operational and financial performance for the quarter and year ended March 31, 2026. The announcement follows the company's intimation of a board meeting scheduled on the same day to consider and approve the audited standalone and consolidated financial results for the period. The earnings call will be conducted with analysts and investors post the announcement of the financial results.

The Board of Directors will meet to review the financial performance for the period ending March 31, 2026. The approval of the audited financial results is the primary agenda item for the meeting convened on Saturday. This disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

During the earnings call, no price sensitive information or forward-looking statements will be disclosed or discussed. The company has stated that the schedule may undergo changes due to exigencies on the part of the host or the company. The information will be made available on the company's website.

Key Meeting Details

Earnings Call Participants

• Mr. Sanjeev Asthana – Chief Executive Officer
• Mr. Kumar Rajesh – Chief Financial Officer
• Mr. Priyendu Jha – Investor Relations

In compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company’s Code of Conduct, the trading window will remain closed for designated persons and their immediate relatives until 48 hours after the declaration of the audited financial results.