MAM
Optimum Nutrition ropes in Rishabh Pant as its brand athlete
Mumbai: Nutrition supplements brand Optimum Nutrition has partnered with Indian cricketer Rishabh Pant. With him on board, the brand aims to further grow the awareness and trust across fitness enthusiasts for Optimum Nutrition products.
“It is an absolute privilege for us to have Rishabh Pant as our athlete on team Optimum Nutrition, we are committed to supporting his nutritional needs throughout his training and keeping him fit and healthy,” stated Glanbia Performance Nutrition India managing director Satyavrat Pendharkar.
With his quirkiness, zeal for excellence in the sport, and smart personality, Pant embodies the philosophy of Optimum Nutrition: To be the best in the country, while chasing finesse and perfection to leave a lasting impression, said the brand in a statement.
“Being a professional athlete, I am always on the move and constantly striving to improve my fitness and game. I am happy to be associated with this amazing global community of Optimum Nutrition athletes as they champion high quality and performance-oriented nutrition,” said Pant on the association.
“Rishabh shares values of commitment to quality and fitness with Optimum Nutrition and having a global brand of their repute on board with him as nutrition experts, is of immense value to him,” added JSW Sports CEO Mustafa Ghouse.
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.
