Hindustan Foods Limited Receives Demand Orders for FY 2019-20
Hindustan Foods Limited announced today, March 26, 2026, that it received demand orders from the Commercial Taxes Department in Tindivanam, Tamil Nadu, pertaining to fiscal year 2019-20.The demand orders relate to an alleged excess refund released and aggregate to Rs. 4,95,16,269. This total includes a tax penalty of Rs. 2,24,12,410 and interest of Rs. 2,71,03,859.
According to the company, the demand orders do not have a material impact on its financials, operations, or other activities, and Hindustan Foods Limited is contesting the order.
| Particulars | Details | |
|---|---|---|
| Sr No. | Name of the authority | Office of the Commercial Tax Officer- Tindivanam, Tamil Nadu |
| 2 | Nature and details of the action(s) taken, initiated or order(s) passed | The Company has received demand orders under section 74 of CGST/SGST Act, 2017 for the FY 2019-20, aggregating to Rs. 4,95,16,269/- (Rupees Four Crores Ninety Five Lakh Sixteen Thousand Two Hundred Sixty Nine Only) which includes tax penalty aggregating to Rs. 2,24,12,410/- (Rupees Two Crores Twenty Four Lakhs Twelve Thousand Four Hundred Ten Only) and Interest of Rs. 2,71,03,859/- (Rupees TwoCrores Seventy One Lakh Three Thousand Eight Hundred Fifty Nine Only). |
| 3 | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | March 25, 2026 |
| 4 | Details of the violation(s) / contravention(s) committed or alleged to be committed | The order is due to excess refund released. |
| 5 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible. | There is no material impact on financials, operations, or other activities of the Company. TheCompanyisinprocessofcontestingthe said Order. |
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