Jubilant Agri & Consumer Products Limited has received a GST order from Maharashtra tax authorities regarding differential rates on bottling charges, with the company planning to contest the demand through an appeal process.

GST Order Details

The Assistant Commissioner of State Tax-Maharashtra issued Order in Original reference no. ZD2702260475757 dated February 10, 2026, which was received by the company on February 13, 2026 at 10:28 A.M (IST). The order relates to erstwhile Jubilant Industries Limited (JIL), which was merged with Jubilant Agri and Consumer Products Limited effective from October 03, 2024 vide NCLT, Allahabad Bench, Order dated August 07, 2024.

Nature of Dispute

The GST investigation team observed that Jubilant Industries Limited (JIL) Nira, Maharashtra provided bottling services to Allied Blenders and Distillers Limited during financial year 2019-20. JIL raised invoices for bottling services at a GST rate of 5%, while the GST authorities contend that the tax rate should have been 18%. JIL was previously engaged in the business of manufacturing Indian made foreign liquor (IMFL).

Company's Response Strategy

The company has announced its intention to file an appeal before the GST Appellate Authority, challenging the order on substantive grounds. Management believes the order passed is incorrect and maintains strong grounds to contest the case on merits.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has simultaneously posted the relevant documents on its website at www.jacpl.com as part of its transparency and compliance obligations.

The company expects no financial or operational impact from this order, given its confidence in the appeal process and the merits of its case against the differential GST rate application on bottling charges.

Jubilant agri & consumer products Limited has delivered robust financial performance in Q3FY26, with the company officially announcing its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 09, 2026, demonstrating strong operational momentum across key business segments.

Financial Performance Highlights

The company achieved impressive revenue growth of 13% in Q3FY26, with total revenue from operations reaching ₹4,510 crores compared to ₹3,975 crores in the corresponding quarter of the previous year. The nine-month performance was even stronger, showing 21% growth with revenues of ₹14,060 crores against ₹11,627 crores in the previous period.

Segment-wise Performance Analysis

The P&K Fertilizers segment emerged as the standout performer, registering exceptional growth of 36% in Q3FY26 with revenues of ₹1,626 crores compared to ₹1,197 crores in the previous year. The segment's nine-month performance was even more impressive at 57% growth, reaching ₹5,215 crores.

The Performance Polymers & Chemicals segment maintained steady growth of 4% in Q3FY26, contributing ₹2,856 crores to total revenues. However, the Agri Nutrients segment faced challenges with an 18% decline in quarterly revenues.

Regulatory Compliance and Corporate Governance

The financial results were announced pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results have been subjected to limited review by statutory auditors BGJC & Associates LLP and were reviewed by the Audit Committee before Board approval.

Capacity Expansion Initiative

The company announced a significant capacity expansion plan to meet growing market demand. The expansion involves setting up a new manufacturing facility at its Samlya (Savli), Vadodara site with substantial investment commitment.

Employee Stock Option Grant

Earlier, the company's Nomination and Remuneration Committee approved the grant of 1,000 stock options to eligible employees under the JACPL Employees Stock Option Scheme 2018. The options carry an exercise price of ₹10 per share with a 3-year vesting period and 8-year exercise window, demonstrating the company's commitment to employee participation in long-term value creation.