MAM
Wahter and Scrapbuddy collab to recycle 10M PET bottles in Delhi-NCR
Mumbai: Wahter, the innovative force in the packaged water sector, and Scrapbuddy, an innovator in PET recycling, forge a transformative alliance to champion sustainability in Delhi-NCR. With a shared vision, they pledge to recycle 10 million PET bottles over the next three months, curbing plastic pollution and transforming waste into valuable products.
Wahter is backed by certifications from industry authorities and are proud bearers of FSSAI, ISO, and various other quality assurances that attest to their unwavering dedication to delivering the purest form of hydration.
Wahter takes a significant step in environmental sustainability by supplying Scrapbuddy with PET scrap for recycling millions of bottles. Scrapbuddy has already achieved a notable milestone, successfully recycling over 1,000,000 kilograms of PET scrap to date. This substantial accomplishment, through both offline and online channels, underscores Scrapbuddy’s commitment to reducing carbon emissions and advancing sustainable waste management.
Scrapbuddy founder Sachin Garg expresses excitement about the partnership, stating, “Our collaboration with Wahter is a significant stride towards a greener and more sustainable future. Scrapbuddy aims to make a lasting impact on plastic waste reduction in Delhi-NCR.”
Wahter co-founder Amitt Nenwani echoes this sentiment, saying, “We are thrilled to collaborate with Scrapbuddy in this impactful venture. Together, we aim to set new standards in PET recycling, fostering environmental responsibility and community engagement.”
Beyond business collaboration, this initiative reflects a joint commitment to community-driven sustainability. The recycled PET materials produced by Scrapbuddy contribute to environmental conservation and community development, aligning with both companies’ vision for a cleaner and more sustainable Delhi-NCR. By joining forces, the two companies aim to set new benchmarks in PET recycling, fostering environmental responsibility and community engagement.
Wahter will also act as a distribution partner, to provide clean and safe drinking water to public and communities across Delhi NCR for boAt, India’s leading consumer electronics brand. The mandate comes into effect through Boat’s partnership with Shoobhi Foundation, a recognised NGO dedicated to social causes.
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.
