MAM
Fraser Castellino appointed as the COO of Kings XI Punjab
MUMBAI: Kings XI Punjab today announced the appointment of Fraser Castellino as their new COO. Fraser has over a decade’s experience of working in the sports industry. Besides leadership roles in IPL teams like Royal Challengers Bangalore and Rajasthan Royals, he has also been instrumental in setting up the Sahara Group’s polo and other non- cricketing ventures.
Commenting on the announcement, Promoters of Kings XI Punjab said: “We are pleased to have Fraser Castellino as our new COO. We are confident that his vast experience in the sports field, especially IPL, will benefit KXIP. His vision and guidance will help us grow further. With a new and strong team squad, along with Fraser in the management, we are upbeat and looking forward to a great tournament this year, both on and off the field. ”
“It is an absolute honour for me to be a part of Kings XI Punjab and I would like to thank the management for showing this faith in me. Having been a part of the IPL since its inception, I am looking forward to replicating a similar success with the franchise. With a brand new team and a fully charged fanbase, the season looks extremely promising for the team.” said Fraser Castellino, COO, Kings XI Punjab.
Fraser is a marketing graduate from Mumbai and also has a bachelor’s degree from St Xaviers.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
