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Patanjali Foods Limited ( (IN:PATANJALI) ) just unveiled an announcement.
Patanjali Foods Limited has disclosed that the Office of the Commissioner, Central Goods and Service Taxes (Appeals), Meerut, has rejected both the company’s appeal and that of the Principal Commissioner, CGST, Uttar Pradesh, in an ongoing GST litigation. The appellate authority has upheld the original order dated January 10, 2025, resulting in a confirmed GST demand and equal penalty totaling about Rs 89.64 lakh, which the company states will not materially affect its financial or operational performance.
More about Patanjali Foods Limited
Patanjali Foods Limited is an Indian consumer goods company operating primarily in the food and edible oils sector. The company focuses on packaged foods, cooking oils and related FMCG products, with a strong presence in the domestic market under the Patanjali brand.
Average Trading Volume: 366,068
Technical Sentiment Signal: Buy
Current Market Cap: 544.2B INR
Find detailed analytics on PATANJALI stock on TipRanks’ Stock Analysis page.