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Acme Solar names Rahul Kaushik as head of process transformation
GURUGRAM: ACME Solar Holdings Ltd has brought Rahul Kaushik on board as head of process transformation, a move that underlines the company’s push to tidy up, toughen up and future proof its operations as it grows at pace.
With close to 20 years of experience in internal audit and risk advisory, Kaushik is no stranger to complex organisations and high stakes decision making. At Acme Solar, he will work closely with the leadership team to streamline business processes, strengthen internal controls and sharpen risk management across the company’s expanding renewable energy portfolio.
Over the years, Kaushik has advised boards, audit committees, investors and senior executives on building strong governance frameworks that actually work in the real world. His career spans a wide mix of sectors including renewable energy, infrastructure, real estate, manufacturing, pharmaceuticals and food and beverage.
Before joining Acme Solar, he headed the internal audit function at O2 Power. Earlier roles at consulting heavyweights Ernst and Young, KPMG and Grant Thornton saw him lead numerous assignments in internal audit, risk management, ICFR and process design.
At Acme Solar, his brief is clear. Build agile, standardised and digitally enabled processes that can keep up with the company’s ambitions and deliver long term value for stakeholders.
With this appointment, Acme Solar signals that while it is racing ahead in India’s energy transition, it is equally focused on putting strong governance and transparent processes firmly in place. Clean energy, after all, works best when the systems behind it are just as clean.
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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.
