MAM
Muthoot Microfin champions women’s health with awareness drive
MUMBAI: Muthoot Microfin is proving that empowerment goes beyond financial independence, it starts with health. As part of its Women’s Day initiatives, the microfinance leader hosted an extensive online workshop on cervical cancer awareness and menstrual health on 7 and 10 March 2025. Reaching over 850 attendees across 19 states and Puducherry, the sessions featured expert-led discussions on HPV vaccination, early detection, and menstrual cup benefits, conducted in regional languages for maximum impact.
In addition to awareness, Muthoot Microfin is ensuring action. Partnering with Reliance General Insurance, the company is offering free health check-ups for female employees, covering 70 key health parameters. To prioritise convenience, sample collection will be arranged directly from employees’ homes.
Speaking about the initiative, Muthoot Microfin CEO Sadaf Sayeed said, “At Muthoot Microfin, we believe that empowering women goes beyond financial independence; it begins with good health and awareness. As part of our Women’s Day initiatives, we reinforced our commitment to fostering inclusion and supporting women’s well-being through impactful healthcare awareness sessions. Our employees across India benefited from these sessions in regional languages, along with access to essential health check-ups, ensuring they have the knowledge and resources to lead healthier, more confident lives. A healthy woman uplifts not just her family but the entire community, and we are proud to contribute to this positive change.”
Muthoot Microfin has consistently championed employee health, previously running sessions on breast cancer, diabetes prevention, and lifestyle diseases. With plans to expand these initiatives, the company continues its holistic approach to workplace wellness, proving that true empowerment is about financial security and physical well-being alike.
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.
