Brands
Dabur elevates Mohit Malhotra to global CEO, appoints Herjit Bhalla as India business CEO
Bhalla will report to Malhotra in his capacity as global CEO
GHAZIABAD: Dabur’s board of directors has approved a senior leadership restructuring, elevating Mohit Malhotra to the role of whole-time director and global chief executive officer with immediate effect.
In a regulatory filing on Tuesday, the company said Malhotra, who currently serves as whole-time director and chief executive officer, has been redesignated as global CEO from 17 February, 2026.
Separately, the board has approved the appointment of Herjit S Bhalla as chief executive officer – India business, placing him in the category of senior management personnel. His appointment will take effect from 15 April, 2026.
Bhalla will report to Malhotra in his capacity as global CEO.
Aged 49, Bhalla brings more than 25 years of commercial and general management experience across multiple geographies. He began his career at Unilever, where he spent 16 years in sales and marketing roles, including a stint as marketing director in Moscow between 2009 and 2012.
He later served as chief operating officer at Metro Cash & Carry, where he was also a member of the executive board. In 2018, Bhalla joined The Hershey Company as managing director for India and has since held global roles, including vice-president positions overseeing India, AEMEA, Canada and global customers.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
