MAM
Sania Mirza, Mohan Lal to now endorse Malabar Gold
BANGALORE: Sania Mirza and Kerala superstar Mohan Lal recently inaugurated Malabar Jewels and Diamonds Ltd, eighth retail outlet and the first one outside Kerala, in Bangalore.
On the anvil are plans to open outlets in Mangalore and Hubli in Karnataka, Hyderabad in Andhra Pradesh and Chennai in Tamil Nadu, informed Malabar Jewels and Diamonds LTD MD (Bangalore) Asher.
Lal who has been endorsing the Malabar gold chain as brand ambassador has been joined by tennis ace Mirza.
Malabar Gold who have been releasing TV ads across all channels in Kerala in the past are now ready to shoot new ads with Mirza. The new ad campaign across all media forms – print, outdoor, radio and TV will showcase the brand ambassadors.
Refusing to share details about the advertisement plans or budgets, the company’s marketing manager (Bangalore) Yasir said, “Our in-house agency India Matrix is handling the campaign. We’ll have them on hoardings, print, radio, TV and any other media as per the agreement signed with them,” while speaking of Mohan Lal and Mirza.
Malabar chain of stores forms a separate limited company for each of their stores and provide each gold article sold by them with a BIS (Bureau of Indian Standards) stamp for 100 per cent hallmarked 916 gold.
Their outlets are equipped with German made ‘Karat Analyzer’ for customers to verify the quality of the gold they buy or sell. They also retail diamond jewellery with ‘F’ grade diamonds that come with a certificate of authenticity and colour purity and every diamond jewellery comes with a 100 per cent buyback guarantee. Malabar are also a PGI (Platinum Guild International) authorised retail store, besides which they also retail premium watch brands like Omega, Longines, Rado and Tissot.
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.
