Jubilant Foodworks Limited has disclosed receiving an Income Tax Appellate Tribunal order for Financial Year 2015-16, marking a continuation of ongoing tax proceedings that were initially communicated to exchanges in August 2023.

Tribunal Order Details

The Income Tax Appellate Tribunal has upheld the decision of the Commissioner of Income Tax (Appeals), rejecting the company's contentions without providing adequate reasoning for deviating from the Hon'ble Allahabad High Court's order on the same issue in previous years.

Company's Response and Legal Strategy

Jubilant Foodworks is actively preparing to challenge the tribunal's decision through multiple legal avenues. The company plans to file an appeal before the Hon'ble Allahabad High Court and explore other available legal remedies against the order.

The management has expressed confidence that following the completion of the legal redressal process, no material financial implications are expected to impact the company's operations or financial position.

Regulatory Compliance and Disclosure

The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, specifically pertaining to communications from regulatory authorities. The company has confirmed that all information provided is true, correct, and complete to the best of their knowledge and belief.

Background Context

This development follows an earlier intimation dated August 14, 2023, which referenced income tax demand proceedings. The current disclosure represents an update on the status of those proceedings, specifically relating to the appellate tribunal's decision for the 2015-16 financial year.

The company has made the disclosure available on its website under the Investor Relations section, ensuring transparency with stakeholders regarding ongoing legal proceedings.

Jubilant Consumer Private Limited has created a pledge on equity shares of Jubilant FoodWorks Limited as part of a loan security arrangement, according to a regulatory disclosure filed on February 27, 2026.

Pledge Creation Details

The pledge was created on February 26, 2026, covering 8,00,000 equity shares of Jubilant FoodWorks Limited. This represents 0.121% of the company's total share capital and was established in favor of Bajaj Finance Limited.

Updated Encumbrance Position

Following this latest pledge creation, Jubilant Consumer's total encumbered shareholding in Jubilant FoodWorks has increased significantly. The company's post-event encumbered holding now stands at 36,00,000 shares, representing 0.545% of the total share capital.

Promoter Holdings Overview

Jubilant Consumer Private Limited maintains its position as the largest promoter of Jubilant FoodWorks, holding 26,57,52,415 shares, which constitutes 40.27% of the total share capital. Other promoters in the group hold minimal stakes:

• Mr. Hari Shanker Bhartia, Mrs. Kavita Bhartia, and Mrs. Shobhana Bhartia each hold 10 shares
• Jubilant Securities Pvt. Ltd. holds 20 shares
• Jubilant Capital Pvt. Ltd. and Mr. Shyam Sunder Bhartia each hold 10 shares

Regulatory Compliance

The disclosure was made under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to both the National Stock Exchange of India Limited and BSE Limited, where Jubilant FoodWorks shares are listed.

The pledge arrangement demonstrates the interconnected financial structure within the Jubilant group, with Jubilant Consumer's shares serving as collateral for financing requirements of another group entity, Jubilant Enpro Private Limited.