MAM
Pride of Cows donates Ghee for the Ayodhya Ram Mandir ceremony
Mumbai: Pride of Cows- Single Origin Milk brand of Parag Milk Foods renowned for its unwavering commitment to premium quality dairy products made a substantial donation of premium ghee to The Tirumala Tirupati Devasthanams (TTD). This noteworthy contribution supports TTD’s initiative to provide ‘Srivari’ laddus, each weighing 25 grams, for the consecration ceremony of the Ayodhya Ram Mandir. With a heritage of 300 years, the ‘Srivari laddu’ prasadam will be distributed among participating devotees and esteemed guests on 22nd January, this year.
“We are delighted to contribute our premium ghee to The Tirumala Tirupati Devasthanams for the consecration of the Ayodhya Ram Temple, which will enhance the preparation of Srivari’s laddus. This is a testament to our dedication towards heritage and a goodwill gesture to the devotees at the Ayodhya ‘Pran Pratishtha’ event”,” said Parag Milk Foods chairman Devendra Shah.
The Ayodhya Ram Temple holds immense significance for millions of people, and Pride of Cows is honoured to contribute high-quality ghee for the preparation of these laddus. This contribution reflects Pride of Cows’ commitment to giving back to the community and being an integral part of cultural celebrations.
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.
