MAM
Linc Pen inks sponsorship deal with three IPL teams
MUMBAI: Linc Pens, one of the leading pen brands of the country, has inked sponsorship deals with three teams for the current season of the Indian Premier League (IPL).
Linc Pen would continue as a partner of both the Rajasthan Royals and Kolkata Knight Riders from IPL 2010. Additionally this season, they will also be the Principal Sponsor for the Deccan Chargers.
Following the terms of the agreement, Linc Pen will have a presence on the cap and helmet of the players of Kolkata Knight Riders and on the jerseys of the players of the Deccan Chargers. They will continue to be the Official Pen Sponsor for the Rajasthan Royals following IPL 2010.
The Kolkata IPL franchise team Kolkata Knight Riders is owned jointly by Shah Rukh Khan, Juhi Chawla and Jai Mehta, whereas the Deccan Chargers is owned by the south based leading English newspaper, The Deccan Chronicles.
Rajasthan Royals is owned by a consortium of international investors comprising Suresh Chellaram, Manoj Badale, Lachlan Murdoch, Raj Kundra and Indian actress Shilpa Shetty.
Linc Pen MD Deepak Jalan said, “We are extremely proud to be associated with an event such as the DLF IPL 2011. We are extremely privileged to continue our association with teams such as Rajasthan Royals and Kolkata Knight Riders given their enormous potential. Our decision to sponsor the Deccan Chargers is in keeping with our decision to expand to the markets in the south. Additionally, the Deccan Chargers have been the victors of IPL 2009 and hence it is indeed a matter of great honour to be associated with a team, which has always displayed so much promise.”
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.
