Patanjali Foods Limited has received an unfavorable ruling from the CGST Appeals office, resulting in penalties being imposed on its top executives. The Office of the Commissioner, CGST (Appeals), Meerut has upheld the original order and imposed financial penalties on the company's leadership.

Appeals Order Details

The CGST Appeals office has rejected both appeals filed in the matter - one by the Principal Commissioner, CGST, Uttar Pradesh, and another by Patanjali Foods Limited itself. The authority upheld the Order-in-Original dated January 10, 2025, passed by the ADC, Central Goods and Service Taxes, Meerut.

Executive Penalties Imposed

The appeals authority has imposed specific penalties on the company's key executives in connection with the GST matter. The penalties target the individuals in their capacity as responsible officers of the company.

Company's Response and Financial Impact

Patanjali Foods Limited has stated that it does not expect any financial liability from these penalties imposed on its executives. The company has emphasized that the Rs. 10,000 penalty on each executive will not have any impact on the company's financial, operational, and other activities.

The matter pertains to a GST demand as specified in the original order dated January 10, 2025. The company has indicated that it will be taking necessary action to defend its case before the appellate authority, suggesting further legal proceedings may follow.

Regulatory Compliance

This disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that due to weekend holidays, the disclosure was submitted after the specified timelines. This development follows previous intimations by the company dated April 26, 2024, January 11, 2025, and August 06, 2025, regarding pending litigation related to Central Goods and Service Tax.

Patanjali Foods Limited has been assigned an ESG rating of 52.7 by SES ESG Research Pvt. Ltd., as disclosed to the stock exchanges on March 05, 2026. The rating reflects the company's performance on Environmental, Social and Governance parameters as assessed by the independent rating agency.

ESG Rating Details

The ESG rating assignment took place on March 04, 2026, with SES ESG Research Pvt. Ltd. conducting an independent evaluation of Patanjali Foods' sustainability practices. The rating agency prepared its assessment using publicly available information without any direct engagement from the company.

Regulatory Disclosure

Patanjali Foods disclosed this information pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received notification of the ESG rating through an email from BSE Limited on March 04, 2026, informing that SES ESG Research Pvt. Ltd. had submitted the ESG rating disclosure.

Rating Accessibility

The ESG rating report is available through multiple channels for stakeholder access:

• Published on SES ESG Research website at www.sesesg.com
• Available on Patanjali Foods' corporate website at www.patanjalfoods.com
• Disclosed to BSE Limited and National Stock Exchange of India Limited

Company Communication

The disclosure was signed by Ramji Lal Gupta, Company Secretary of Patanjali Foods Limited, and submitted to both BSE Limited and National Stock Exchange of India Limited. The company emphasized that it did not engage SES ESG Research Pvt. Ltd. for the evaluation, maintaining the independence of the assessment process.