MAM
Welspun Living Ltd appoints Sunil Duggal as independent director
Mumbai: Welspun Living Ltd, a leading player in home textiles, flooring solutions, and advanced textiles, announces the appointment of Sunil Duggal as an independent director, effective from 31 January 2024.
Duggal will serve his first term as an independent director for four years, ending on 30 January 2028. Duggal is an accomplished leader, with a Bachelor of Technology Hons (Electrical Engineering) from BITS, Pilani, and a postgraduate diploma in Business Management (marketing) from the Indian Institute of Management, Calcutta.
His extensive experience, spanning decades, includes a remarkable 17-year tenure as CEO of Dabur India Ltd. He has also chaired and cochaired significant committees, such as Indo-Turkish JBC and FICCI Committee on Food Processing. Duggal has been recognized as FMCG CEO of the year thrice and was awarded the Distinguished Alumnus Award by the Indian Institute of Management Calcutta in 2019. His expertise will be invaluable to Welspun Living Ltd.
Welspun Living CEO & MD Dipali Goenka, on the appointment of Sunil Duggal said, “I am delighted to welcome Sunil Duggal to Welspun’s Board of Directors. His extensive experience, particularly in steering Dabur’s success, aligns seamlessly with our commitment to elevating Welspun’s B2C journey. As we embark on this transformative phase, his consumer-centric perspective and experience in building strong consumer connections resonates perfectly with Welspun’s vision. His insights into consumer behavior and market dynamics will be instrumental as we continue to innovate and cater to the evolving needs of our audience. Together, we are poised to strengthen Welspun’s position in the market, combining our passion for quality with Sunil’s wealth of experience. I look forward to working with him.”
Joining as an independent director with Welspun Living, Duggal added, “As an independent director, I am truly excited to contribute my experience and knowledge to Welspun Living’s diversified brand portfolio, fostering growth and ensuring success. The company’s unwavering commitment to innovation and sustainability is truly inspiring, aligning seamlessly with my values. I am eager to embark on this exciting journey, working collaboratively to further elevate Welspun Living’s impact in the industry.”
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.
