Hindustan Foods Limited has notified stock exchanges regarding a structural change in its statutory auditor's firm. The company informed BSE and NSE on January 16, 2026, about the conversion of M S K A & Associates into a Limited Liability Partnership format under the provisions of the Limited Liability Partnership Act, 2008.

Auditor Firm Conversion Details

The statutory auditor M S K A & Associates has been converted to M S K A & Associates LLP, Chartered Accountants, effective January 13, 2026. The firm communicated this change to Hindustan Foods Limited through a letter dated January 13, 2026, which the company received via email on January 16, 2026.

Continuity of Audit Services

Hindustan Foods Limited has confirmed that this structural conversion does not result in any change to the existing audit engagement. M S K A & Associates LLP will continue to serve as the company's statutory auditors and fulfill all responsibilities for the remaining tenure of their appointment. The conversion represents a change in the firm's legal structure rather than a change in audit personnel or services.

Regulatory Compliance

The notification was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided copies of the intimation letter to both BSE Limited and National Stock Exchange of India Limited for their records. Additionally, this information has been made accessible on the company's official website at www.hindustanfoodslimited.com .

Company Background

Hindustan Foods Limited operates as part of the Vanity Case Group and holds recognition as a Government Recognised Two Star Export House. The company maintains its registered office at Office No. 3, Level 2, Centrium, Phoenix Market City, Kurla (West), Mumbai, Maharashtra. For any queries regarding this announcement, stakeholders can contact Company Secretary Dilip Purohit at the registered office address.

Hindustan Foods Limited has received a significant tax demand order from the Commercial Taxes Department in Tindivanam, Tamil Nadu, relating to alleged excess Input Tax Credit claims for the financial year 2021-22. The company disclosed this development through a regulatory filing on December 24, 2025, under Regulation 30 of the SEBI Listing Regulations.

Tax Demand Breakdown

The demand order issued under Section 73 of the CGST/SGST Act, 2017, comprises multiple components totaling ₹62.72 lakh:

Penalty Structure

The penalties have been imposed across different tax categories as detailed below:

Nature of Alleged Violation

The order pertains to alleged excess Input Tax Credit (ITC) claimed by the company during FY 2021-22. The Commercial Tax Officer has determined that Hindustan Foods Limited claimed ITC in excess of what was permissible under the applicable GST regulations, leading to the imposition of penalties and interest charges.

Company's Response and Impact Assessment

Hindustan Foods Limited has indicated that there is no material impact on the company's financials, operations, or other activities due to this order. The company has stated that it is in the process of contesting the said order, suggesting it disagrees with the tax department's assessment.

The company received the demand order on December 23, 2025, and promptly disclosed the information to the stock exchanges as required under regulatory obligations. This development represents a regulatory challenge that Hindustan Foods Limited will need to address through appropriate legal channels while continuing its business operations.