Britannia Industries has received a fresh GST order under Section 74 of the Central Goods and Services Tax Act, 2017, with a significantly higher total demand of ₹48,59,912. The company disclosed this latest development through an intimation to stock exchanges on December 31, 2025, pursuant to SEBI Listing Regulations.

Latest GST Order Details

The new order was issued by the Office of the Assistant Commissioner GST & Central Excise, Bhubaneshwar-II division, Bhubaneshwar. This represents a separate GST matter from the company's earlier Delhi-based order. The company received this order through a system-generated email on December 30, 2025, at 10:11 P.M. IST after it was uploaded on the GST Portal.

Financial Breakdown of New Order

The GST order alleges incorrect availment of Input Tax Credit by the company for the financial year 2019-20. The financial implications of this latest order are substantially higher than the previous Delhi order:

Company's Response and Impact Assessment

Britannia Industries has maintained that there is no material impact on the company's financials, operations, or other activities due to this GST order. The company emphasized that this order is also appealable under the GST law framework.

The company plans to take necessary actions, including exercising the legal remedies available under GST law to address this matter. This indicates the company's consistent approach to challenge such orders through appropriate legal channels.

Multiple GST Proceedings

With this latest disclosure, Britannia Industries now faces GST demands from multiple authorities. The company had previously received a GST order from Delhi authorities with a demand of ₹12,99,284, and now faces this additional demand of ₹48,59,912 from Bhubaneshwar authorities, bringing the total GST demands to over ₹61 lakh across different jurisdictions.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation follows the requirements outlined in the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring transparency with stakeholders regarding regulatory developments.

Britannia Industries has announced two key senior management appointments, strengthening its leadership team across critical business functions. The Board of Directors, acting on recommendations from the Nomination and Remuneration Committee, approved these strategic appointments effective December 15, 2025.

Leadership Appointments Overview

The company has made two significant appointments to enhance its operational capabilities:

Abhishek Sinha's Profile and Experience

Abhishek Sinha brings over two decades of experience in the consumer goods industry to his new role as Chief Sales Transformation Officer. He has been associated with Britannia Industries Limited since 2005, demonstrating long-term commitment and deep organizational knowledge.

Sinha's career progression within the company showcases his comprehensive understanding of sales operations:

• Started as Area Sales Manager
• Advanced to Regional Sales Manager for the West region
• Served as National Sales Development Manager
• Successfully led Britannia's Dairy Business for over five years

During his tenure leading the dairy division, Sinha played an instrumental role in forming the Joint Venture with Bel SA and establishing the company's in-house Dairy Manufacturing Unit at Ranjangaon, Maharashtra. His leadership encompassed multiple strategic initiatives including rural and urban expansion, technology-enabled selling, frontline sales capability development, and resource allocation optimization.

Sinha holds an MBA degree from the Symbiosis Institute of Business Management, Pune.

Subhashis Basu's Industry Expertise

Subhashis Basu assumes the role of Chief Business Officer-Dairy, bringing over three decades of leadership experience in the FMCG and dairy sectors. His extensive background spans multiple industry-leading organizations and successful business transformations.

Basu's notable career achievements include:

• Chief Executive Officer of Anik Milk Products Private Limited
• Chief Commercial Director for Lactalis India, where he successfully led the unification of three major entities (Anik, Tirumala, and Prabhat)
• Steering Prataap Snacks Limited to a successful IPO
• Driving healthy growth at Mother Dairy
• Key leadership roles at PepsiCo and Parle Products
• Launching iconic brands such as Quaker Oats in India

His proven track record demonstrates consistent ability to transform organizations, manage complex mergers and acquisitions, and drive sustainable growth in challenging market environments. Basu holds a Bachelor of Science degree in Economics from the University of Calcutta.

Board Approval Process

The Board of Directors formalized these appointments through a circular resolution passed on December 15, 2025, at 6:03 PM IST. The appointments comply with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper regulatory compliance and transparency.

These strategic appointments reflect Britannia Industries' commitment to strengthening its leadership capabilities in sales transformation and dairy operations, positioning the company for continued growth and operational excellence.