Jubilant Ingrevia Limited has informed stock exchanges about receiving a GST demand order from tax authorities for Service Tax on Ocean Freight for the financial year 2017-18. The disclosure was made on February 9, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations.

GST Demand Order Details

The Assistant Commissioner, Central Goods & Service Tax, Bijnor has confirmed the demand for Service Tax on Ocean Freight with the following components:

The demand has been raised under Section 73(1) of the Finance Act, 1994 read with Section 142 and Section 174 of the CGST Act, 2017.

Company's Response and Legal Action

Jubilant Ingrevia has indicated it will contest the demand order through proper legal channels. The company plans to file an appeal before the Commissioner (Appeals) against the impugned demand order after receiving the signed or certified copy of the order from the GST authorities.

Financial Impact Assessment

The company has assessed that there will be no material financial or operational impact from this demand order. Management believes it has a strong case to defend on merits and is confident in its legal position regarding the Service Tax demand on Ocean Freight.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 of the Listing Regulations read with Schedule III and the SEBI Master Circular. The company has also posted the relevant documents on its website at www.jubilantingrevia.com as part of its transparency obligations to stakeholders.

Jubilant Ingrevia has announced ambitious financial targets, setting its sights on sustained long-term growth with specific margin and capacity utilization goals. The specialty chemicals company has outlined a comprehensive strategy focused on profitability enhancement and operational efficiency over the coming years.

Financial Performance Targets

The company has established clear financial benchmarks for its growth trajectory. Jubilant Ingrevia aims to achieve long-term EBITDA growth of at least 20% over several years, demonstrating its commitment to sustained profitability improvement.

Specialty Chemicals Focus

The company's specialty chemicals segment remains a key focus area, with management aspiring to exceed 25% EBITDA margins in this division. This target reflects the company's strategic emphasis on high-margin specialty chemical products and its confidence in the segment's growth potential.

Operational Strategy

Jubilant Ingrevia plans to maintain consistent profitability with at least 25% margins on both year-over-year and quarter-over-quarter basis. This approach indicates the company's focus on sustainable margin maintenance rather than volatile performance swings.

Capacity Utilization Timeline

The management has identified FY2027 as a key milestone year for capacity utilization. This timeline suggests a structured approach to scaling operations and optimizing production capabilities over the medium term.

Strategic Outlook

The announced targets reflect Jubilant Ingrevia's strategic positioning in the specialty chemicals market. The company's focus on maintaining consistent high margins while pursuing substantial EBITDA growth demonstrates a balanced approach to expansion and profitability optimization.