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Huhtamaki India Limited ( (IN:HUHTAMAKI) ) has provided an update.
Huhtamaki India Limited has disclosed that the Town Municipal Council of Jigani in Bengaluru has issued a demand notice alleging delayed payment of property tax for its Bengaluru plants for the period from 2014 to 2025. The notice, received on February 20, 2026, seeks payment of property tax, cess, and a penalty tied to this alleged delay.
The company reported that the total penalty demanded for delayed property tax payment amounts to Rs. 1,06,70,038 and stated that, apart from this financial outflow, there is no material impact on its financial or operational activities. Huhtamaki India is currently reviewing the demand and evaluating its options to challenge or appeal the penalty, indicating a potential dispute process with local authorities but limited immediate operational risk for stakeholders.
More about Huhtamaki India Limited
Huhtamaki India Limited operates in the packaging industry, focusing on flexible packaging solutions for consumer goods and related sectors. The company runs multiple manufacturing plants across India, including facilities in Bengaluru, and serves domestic and international customers seeking advanced packaging products.
Average Trading Volume: 16,804
Technical Sentiment Signal: Sell
Current Market Cap: 14.21B INR
See more data about HUHTAMAKI stock on TipRanks’ Stock Analysis page.