BSECompany Update1d ago · 19 Aug 2026, 05:36 pm

Receipt of Show Cause Notice from GST Department

Jubilant Agri and Consumer Products Ltd · 544355

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Jubilant Agri and Consumer Products Ltd has received a Show Cause Notice from the GST Department proposing a GST demand of INR 5,09,04,134. The company believes the notice is based on an incorrect understanding of the facts and is contesting the demand.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment4/10

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Jubilant Agri and Consumer Products Ltd - 544355 - Disclosure Under Regulation 30 Of SEBI LODR

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August 19, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400051 Mumbai – 400001 Symbol: JUBLCPL Scrip Code: 544355 Dear Sir/Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Pursuant to Regulation 30 read with Schedule III of Listing Regulations, it is hereby informed that the Company has received a Show Cause Notice (‘SCN’) from Principal Commissioner – Central GST (Audit) Commissionerate, Ludhiana proposing a GST demand amounting to INR 5,09,04,134. The relevant details pursuant to Regulation 30 of the Listing Regulations read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are annexed herewith as Annexure A. The Company believes that the SCN has been issued based on an incorrect understanding of the facts and circumstances. Accordingly, the Company is in the process of filing a detailed reply within the prescribed timelines set out in the SCN. The aforesaid intimation is also being disseminated on Company’s website at www.jacpl.co.in. Date and time of occurrence of event is August 18, 2026, 19:25 Hours (IST). Kindly take the above information on records. Thanking you, For and on behalf of Jubilant Agri and Consumer Products Limited Hariom Pandey Company Secretary Annexure-A S. No. Particulars Details 1. Name of the listed company Jubilant Agri and Consumer Products Limited 2. Type of communication Show Cause Notice (SCN) in Form GST DRC-01 received via received email on August 18, 2026 at 19:25 IST 3. Date of receipt of August 18, 2026 communication 4. Authority from whom Principal Commissioner – Central GST (Audit) Commissionerate, communication received Ludhiana 5. Brief summary of the material The Company has received a SCN from GST Department contents of the communication proposing a demand of GST amounting to Rs. 5,09,04,134. received, including reasons for receipt of the communication The SCN alleges a Demand of 18% GST of Rs.509.04 lakhs on the amount reported in a memorandum GL named as "Invoices to be Sent" during the F.Y. 2020-2021 to FY. 2023-24. The GST authority presumed it as turnover on which tax has not been paid/Invoices not raised. The notice alleges that the supply has been made to the extent of Rs.2828.00 lakhs reflecting in this Memorandum GL and GST @ 18% has not been paid/invoices were not issued at the time of supply. The Company has a very strong case to defend as the SCN is incorrect and has made a wrong GST demand. The Company would file detailed reply within the time prescribed. 6. Period for which F.Y. 2020-21 to F.Y. 2023-24 communication would be applicable, if stated 7. Expected financial implications The Company does not anticipate any financial implications. on the listed company, if any 8. Details of any aberrations/ Not Applicable non- compliances identified by the authority in the communication 9. Details of any penalty or Not Applicable restriction or sanction imposed pursuant to the communication 10. Action(s) taken by listed The Company will file a detailed reply on merits contesting the company with respect to the GST demand, interest and penalty before the adjudicating communication authority. 11. Any other relevant information NIL