Heritage Foods Limited has announced receipt of a GST refund order worth ₹77.95 lakhs from tax authorities in Chennai, marking a positive development in a long-standing tax classification dispute. The company disclosed this information to stock exchanges on January 21, 2026, under regulatory compliance requirements.

GST Refund Details

The refund order was issued by the Assistant Commissioner, CGST, Poonamallee Division, Chennai, Tamil Nadu, on January 20, 2026. The order pertains to GST amounts paid under protest by the company on flavoured milk classification issues.

Timeline and Background

The refund covers a significant period spanning from July 1, 2017 to October 31, 2021. The resolution process involved multiple stages of appeals and applications:

• November 25, 2025: Additional Commissioner, Appeals, Central Tax passed favorable orders
• November 27, 2025: Heritage Foods filed GST refund application
• January 20, 2026: Assistant Commissioner issued refund sanction order through form RFD-06

Regulatory Compliance

The company made this disclosure under Regulation 30(13) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of communications from regulatory authorities. Company Secretary and Compliance Officer Umakanta Barik confirmed that no penalties, restrictions, or sanctions were imposed, and no aberrations or non-compliances were identified by the authorities.

Financial Impact

The ₹77.95 lakh refund represents recovery of GST amounts previously paid under protest during the classification dispute period. The company stated it will receive the full refund amount pursuant to the sanction and release orders issued by the tax authorities. This development resolves the flavoured milk classification matter that had been under dispute for several years.

The disclosure indicates a clean resolution with no additional compliance issues or financial obligations arising from the tax authority communication.

Heritage Foods Limited has disclosed receiving a regulatory notice from the Food Safety and Standards Authority of India (FSSAI) regarding product quality issues, resulting in a financial penalty for the dairy company. The disclosure was made under Regulation 30 of SEBI listing requirements on January 12, 2026.

Regulatory Notice Details

The company received communication from the Adjudicating Officer-cum-Additional Deputy Commissioner in Jhajjar, Haryana, concerning quality standards violation. The notice pertains to a sample of Heritage Total Curd that was found to contain milk fat content below the prescribed minimum limit as per FSSAI regulations.

Financial Implications and Penalty

The FSSAI has imposed a compounding fee following the quality violation findings. The penalty amount and its impact on the company's operations have been clearly outlined in the regulatory disclosure.

Company Response and Compliance

Heritage Foods Limited has acknowledged the regulatory communication and outlined its response to address the matter. The company has committed to full compliance with the regulatory requirements and timely resolution of the penalty.

Key actions taken by the company include:

• Acceptance of the FSSAI notice regarding product quality violation
• Commitment to pay the imposed compounding fee of ₹1.00 lakh within the stipulated timeframe
• Acknowledgment that the violation pertains to sub-standard milk fat content in the product sample
• Confirmation that the penalty relates to alleged contravention under the Food Safety and Standards Act, 2006

Regulatory Context

The disclosure was made in compliance with SEBI Circular dated February 25, 2025, and Industry Standards note on Regulation 30 of Listing Regulations. The company emphasized that this regulatory communication represents an isolated incident with no broader implications for its business operations or financial performance.

Heritage Foods Limited, an ISO 22000 certified company based in Hyderabad, continues its dairy operations while addressing this regulatory matter through appropriate compliance measures.