Devyani International receives ₹5.42 Mn GST demand order from Karnataka tax authorities

Devyani International Limited has received a demand order of ₹5.42 million from tax authorities in Karnataka, the company disclosed in a regulatory filing on January 1, 2026. The demand order was issued under Section 74 of the Central Goods and Services Tax Act, 2017, covering a period spanning from FY 2018-19 to FY 2022-23.

GST Demand Details

The Assistant Commissioner of Central Tax, Karnataka issued the demand order on December 31, 2025, which the company received and disclosed pursuant to Regulation 30 of the SEBI Listing Regulations. The demand relates to alleged violations concerning Input Tax Credit management.

Component:	Amount (₹ Million)
Tax Demand:	1.51
Penalty:	3.91
Total Demand:	5.42

Nature of Alleged Violations

The tax authorities have raised concerns regarding two specific areas of GST compliance during the assessment period. The demand order alleges short reversal of Input Tax Credit on exempt supplies and incorrect availment of ITC on inward supply. These allegations cover a five-year period from FY 2018-19 through FY 2022-23.

Company's Response and Impact Assessment

Devyani International has stated that there is no material impact on the company's financial, operational, or other activities due to this demand order. The company is currently in the process of evaluating the demand order and plans to take necessary steps to respond appropriately.

The company has indicated it will explore available legal remedies, including filing an appeal before relevant forums and the Appellate Authority as permitted under applicable law. This approach suggests the company intends to contest the demand through proper legal channels.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided detailed information as required under the SEBI Master Circular dated November 11, 2024, ensuring transparency with stakeholders regarding this regulatory development.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.55%	-9.70%	-0.62%	-22.27%	-30.30%	+7.80%

Devyani International Limited has announced a conference call with investors and analysts scheduled for Tuesday, January 6, 2026 at 3:00 PM IST. The announcement was made on January 1, 2026, in compliance with regulatory requirements under SEBI listing obligations.

Regulatory Compliance

The company issued this notification pursuant to the provisions of Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates companies to inform stock exchanges about material events and information that could impact investor decisions.

Conference Call Details

The company has provided comprehensive details for participants to join the conference call:

Parameter:	Details
Date & Time:	Tuesday, January 6, 2026 at 3:00 PM IST
Primary Dial-In Numbers:	+91 22 6280 1141 / +91 22 7115 8042
Pre-Registration:	Available to enable direct connection

Participation Process

To facilitate smooth participation, Devyani International has arranged for pre-registration, which will enable participants to connect to the conference call without having to wait for an operator. This streamlined process is designed to ensure efficient communication between the company management and the investment community.

Official Communication

The announcement was signed by Pankaj Virmani, Chief Sustainability Officer & Company Secretary of Devyani International Limited. The company has also uploaded the conference call details on its official website at www.dil-rjcorp.com for broader accessibility and transparency.

The conference call represents part of the company's ongoing investor relations activities, providing a platform for direct interaction between management and the investment community including institutional investors and research analysts.