Megastar Foods Ltd Receives Notice from Rupnagar Market Committee Over Alleged Non-Payment of Fees
Megastar Foods Ltd recently received a notice from the Market Committee in Rupnagar concerning an alleged non-payment of fees associated with its operations. The notice relates to the Market Committee Fee and RDF Fee.The company received the communication dated April 9, 2026, on April 13, 2026.
The allegation raised in the notice pertains to the non-payment of fees and the alleged lack of appropriate licensing from the Market Committee, Rupnagar.
According to the details provided, the notice claims a violation for not procuring an appropriate license from the Market Committee, Rupnagar, leading to alleged non-payment liabilities.
The specific financial details outlined in the notice are as follows:
| Fee Type | Alleged Amount |
|---|---|
| Market Committee Fee | Rs. 36,568,59,110/- |
| RDF Fee | Rs. 36,568,59,110/- |
Megastar Foods Ltd issued a statement addressing the matter, noting that the company has already secured the necessary licensing from the Punjab State Agricultural Marketing Board (Mandi Board, SAS Nagar, Mohali). This license, which serves as the appropriate licensing authority for the purchase, sale, storage, and processing of agricultural produce, is valid until March 31, 2030.
The company stated that it is approaching the Punjab State Agricultural Marketing Board (Mandi Board, SAS Nagar, Mohali) to address the issue and take appropriate legal recourse, expressing hope for a favorable outcome.
Furthermore, the company highlighted its legal standing regarding the fees. Megastar Foods Ltd asserted that, as per prevalent state laws, market fee and RDF are not applicable to any Processing Unit in Punjab, and consequently, the company, which operates as a Processing Unit, is not liable for such payments.
The company concluded that, based on its assessment, the notice is not expected to have any immediate financial impact on Megastar Foods Ltd. The actual extent of the monetary impact, however, is noted to depend on the outcome of the adjudication proceedings.
MEGASTAR Stock Price Movement
On Monday, Megastar Foods Limited shares slipped by 1.87% to settle at ₹277.35. The stock finished the session with total traded volume registering 9,372 shares.Source:
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