Jubilant FoodWorks Receives ₹169.59 Crore Tax Assessment Order for FY 2021-22
Jubilant FoodWorks received an assessment order from the Income Tax Department raising a tax demand of ₹169.59 crores for FY 2021-22. The company believes the demand contains mistakes and plans to file rectification applications and appeals. Despite the substantial amount, the company does not expect material financial implications and anticipates receiving relief from tax authorities.
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Jubilant FoodWorks has disclosed receiving an assessment order from the Income Tax Department that raises a tax demand of ₹169.59 crores for Financial Year 2021-22. The company received this communication on January 31, 2026, and has informed the stock exchanges under regulatory disclosure requirements.
Assessment Order Details
The tax demand has been raised due to what the company describes as mistakes apparent from records, certain disallowances of expenses, and transfer pricing adjustments that ignore the company's contentions. The assessment order pertains specifically to Financial Year 2021-22.
| Parameter: | Details |
|---|---|
| Tax Demand Amount: | ₹169.59 crores |
| Assessment Period: | Financial Year 2021-22 |
| Receipt Date: | January 31, 2026 |
| Authority: | Income Tax Department |
Company's Response Strategy
Jubilant FoodWorks has outlined its approach to address the assessment order through multiple channels. The company plans to file a rectification application with the Assessing Officer to address mistakes apparent from records. Additionally, the impugned assessment order will be appealed before the Income Tax Appellate Tribunal.
The company expressed confidence in its position, stating that it expects to receive relief from the relevant Assessing Officer and/or appellate authority. Management believes the tax demand will likely be deleted following the redressal process.
Financial Impact Assessment
Despite the substantial amount involved, Jubilant FoodWorks has stated that it does not anticipate any material financial implications from this matter. The company's assessment suggests confidence in successfully challenging the tax demand through the available legal remedies.
| Aspect: | Company Position |
|---|---|
| Expected Financial Impact: | No material implications anticipated |
| Rectification Process: | Application being filed |
| Appeal Strategy: | Income Tax Appellate Tribunal |
| Expected Outcome: | Relief from authorities |
Regulatory Compliance
The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has confirmed that all information provided is true, correct, and complete to the best of its knowledge and belief. The information has also been disseminated on the company's website under the Investor Relations section, ensuring transparency with all stakeholders.
Historical Stock Returns for Jubilant FoodWorks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.13% | +1.04% | -10.85% | -24.13% | -27.76% | -4.76% |
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