United Foodbrands Limited will hold a series of one-on-one meetings with analysts and investors in Bengaluru in June 2026. The company will engage with Hara Global, Equirus Group, and SIMPL to discuss its performance and strategic outlook. No Unpublished Price Sensitive Information (UPSI) will be shared during these sessions.

Meeting Schedule

The meetings are being conducted pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The schedule is subject to changes based on exigencies on the part of the analysts, investors, or the company. The details will be available on the company’s website.

United Foodbrands Limited received an Assessment Order and Notice of Demand from the Deputy Commissioner of Income Tax, Bengaluru, on May 31, 2026, for the Assessment Year 2023-24. The order follows an assessment under Section 143(3) read with Section 144C(3) of the Income Tax Act, 1961. The authority has made an addition of ₹2.78 crores to the company's total income, resulting in a total demand for income tax and interest aggregating to ₹8.63 Crores.

Material Details of the Order

The addition to income arises from a transfer pricing adjustment made under Section 92CA(3) regarding the determination of Arm's Length Price. This adjustment pertains to royalty received from Associated Enterprises (AEs). The company stated that the Assessing Officer issued the demand without providing credit for carry forward losses amounting to ₹28.30 crores.

Company Response and Financial Implications

United Foodbrands Limited maintains that it is not liable to pay the demanded income tax and interest. The company is currently in the process of filing an appeal against the addition to income made pursuant to the transfer pricing adjustment. Additionally, the company has submitted an application for the rectification of the order and the demand notice. No penalty or restriction has been imposed pursuant to the communication.