MAM
Dabur’s Amit Burman steps down as chairman, to continue as a non-executive director
MUMBAI: Amit Burman has resigned as the chairman of FMCG major Dabur India. Burman shall continue to be the non-executive director of the company, Dabur India announced in a regulatory filing. The company has accepted the resignation of Amit Burman from the post of chairman of the board of directors with effect from 10 August 2022.
The board has also affirmed the appointment of Mohit Burman, who is currently the non-executive vice chairman, as the non-executive chairman of the board for five years with effect from 11 August.
Apart from this, Saket Burman has been appointed as the non-executive vice-Chairman of the board of directors for five years.
Burman started his career at Dabur’s Industrial Engineering Department where he was responsible for the induction of machinery, method improvements, manpower reduction and improving product packaging. He took on the responsibilities as the CEO of Dabur Foods in 1999 and forayed into the processed foods business with a range of ethnic cooking pastes & chutneys and packaged fruit juices.
Burman stepped down as the CEO of Dabur Foods when the company was merged into Dabur India in July 2007. He was then appointed the vice chairman of Dabur India. He took charge as the chairman of Dabur India in 2019. He is credited for Dabur India’s foray into the processed foods business with the setting up of Dabur Foods Ltd. He is also responsible for driving all business strategy, development and communications at Dabur Foods.
An alumnus of the University of Cambridge, he also holds M.Sc degree in Industrial Engineering from Columbia University, USA and a B.Sc. degree in Industrial Engineering from Lehigh University, Bethlehem, PA, USA.
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.
