Jubilant FoodWorks Limited has received a significant GST demand order from tax authorities, requiring the company to pay ₹81.16 crores in GST along with penalties and interest. The order was issued by the Assistant Commissioner, CGST Division-I, Mohali on December 25, 2025.

GST Demand Details

The demand order pertains to alleged violations in Input Tax Credit (ITC) claims under the Input Service Distribution mechanism. The company received the communication on December 25, 2025 at 17:42 hours, covering the period from Financial Year 2018-19 to 2020-21.

Company's Response and Action Plan

Jubilant FoodWorks has expressed strong disagreement with the order, stating that it believes the demand is incorrect and does not consider the merits of the company's contentions. The company has indicated that it is in the process of filing an appeal against the order.

The company expects that following the redressal process, the impugned demand is likely to be dropped. Management has stated there is no material impact on financial operations or other activities of the company due to this order.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company explained that since the order was issued on December 25, 2025, which was a public holiday, the order was accessed on December 26, 2025, and the disclosure was made on the same date.

Financial Impact Assessment

Despite the substantial demand amount, Jubilant FoodWorks has stated that it does not anticipate any material financial implications from this order. The company's confidence in challenging the demand suggests it believes it has strong grounds for appeal.

The order was issued under Section 74 of CGST Act, 2017/PGST Act, 2017 and Section 20 of IGST Act, 2017, specifically targeting the alleged excess eligible ITC availed under the Input Service Distribution mechanism.

Jubilant FoodWorks Limited , a major player in the Indian food service industry, has announced a significant update regarding its dividend distribution for the financial year 2024-25. The company has decided to withhold dividend payments for shareholders who have not submitted the required Know Your Customer (KYC) documents, in compliance with recent Securities and Exchange Board of India (SEBI) regulations.

Dividend Details

KYC Compliance Requirement

The company's decision to withhold dividends stems from a SEBI Master Circular that mandates KYC compliance for physical security holders. Shareholders with non-compliant KYC status will not receive their dividend payments until they provide the following mandatory documentation:

• Permanent Account Number (PAN)
• Nomination details
• Contact information (including postal address with PIN and mobile number)
• Bank account details
• Specimen signature for physical folios

Impact on Shareholders

This move affects shareholders who hold physical securities and have not updated their KYC information. Jubilant FoodWorks emphasizes that dividend payments for these shareholders will be processed only after they submit the required documentation.

Steps for Compliance

Affected shareholders are advised to submit the relevant documents, including Forms ISR-1, ISR-2, ISR-3, SH-13, and SH-14, to enable the company to process the withheld dividends through electronic mode at the earliest.

Company's Stance

Jubilant FoodWorks states that this action is in line with SEBI's directive, which aims to enhance security and streamline the process of dividend distribution. The company will file the TDS Return electronically as prescribed in the Income Tax Rules within the applicable timelines.

Shareholders are encouraged to update their KYC details promptly to ensure uninterrupted receipt of future dividends and to comply with regulatory requirements. This move by Jubilant FoodWorks underscores the increasing importance of maintaining up-to-date investor information in the Indian securities market.