Gopal Snacks Limited has received significant relief from GST authorities with the complete dropping of a proposed tax demand worth ₹17,45,716. The company informed stock exchanges on 12.02.2026 about receiving DRC-07 from CGST authorities, confirming that no tax, interest or penalty is payable on the previously contested demand.

GST Demand Details Dropped

The relief comes after the company had earlier received a Show Cause Cum Demand Notice from the Audit Commissionerate, Nagpur, which was communicated to exchanges on 16.04.2025. The original demand pertained to alleged excess availment of input tax credit during the period from April 2020 to March 2023.

Authority and Documentation

The DRC-07 was issued by the Superintendent, CGST & Central Excise, Range – Mouda, Division – Kamleshwar, Nagpur – II. The document bears reference numbers ZD270226059380G and ZD2702260596066, both dated 12.02.2026.

Business Impact Assessment

The company has confirmed that the dropping of this GST demand has no adverse impact on its financial, operational or other business activities. This positive development removes the uncertainty that had been hanging over the company since the original notice was received in April 2025.

Regulatory Compliance

Gopal Snacks has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's Head – Legal & Compliance cum Company Secretary, CS Mayur Gangani, signed the disclosure document, ensuring proper communication with BSE Limited and National Stock Exchange Limited where the company's shares are listed under script code 544140 and symbol GOPAL respectively.

Gopal Snacks Limited announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, showcasing improved operational performance. The Board of Directors approved the results at their meeting held on January 27, 2026, along with declaring a second interim dividend for shareholders.

Financial Performance Overview

The company delivered solid financial performance during the third quarter of FY2025-26. Total revenue from operations reached ₹4,007.66 million for the quarter, while net profit stood at ₹154.91 million, demonstrating the company's operational resilience.

For the nine months ended December 31, 2025, the company reported total revenue from operations of ₹10,985.96 million and net profit of ₹437.07 million, with earnings per share of ₹3.51.

Dividend Declaration and Key Dates

The Board declared a second interim dividend of ₹0.35 per share (35%) on equity shares of face value ₹1.00 each for the financial year 2025-26. This dividend distribution reflects the company's commitment to rewarding shareholders despite operational challenges.

Operational Updates and Facility Developments

The company continues to manage operations following the fire incident at its Rajkot facility on December 11, 2024. During the December 2025 quarter, Gopal Snacks commissioned a new Namkeen facility at Modasa, which will facilitate dealers in Rajasthan, parts of Gujarat, and Madhya Pradesh to receive full truck loads from a single location. The company has scaled up production at its Modasa and Nagpur facilities to mitigate operational impact, while Gondal continues as a makeshift manufacturing facility.

Exceptional Items and Insurance Claims

During the quarter ended December 31, 2025, the company reported a net exceptional gain of ₹0.79 million relating to the fire incident, which includes ₹0.79 million realized from the net sale of scrap items salvaged from damaged assets. The company had previously received ₹200.00 million from the insurance company against claims during the September 2025 quarter.

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on January 27, 2026. The statutory auditors, M/s. Maheshwari & Co., Chartered Accountants, have issued an unmodified review report on the unaudited financial results. The trading window for dealing in company securities will open from January 30, 2026, onwards, in compliance with SEBI insider trading regulations.