Radico Khaitan Limited announced show cause cum demand notice issued by Directorate General of Goods & Services Tax Intelligence, Delhi Zonal Unit. Name of the Authority: Directorate General of Goods & Services Tax Intelligence, Delhi Zonal Unit. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: Received on August 3, 2024.

The Show Cause cum Demand Notice concerns the levy of Goods & Service Tax (GST) to the tune of INR 1,179.5 million, along with applicable interest and penalties, on the brand contribution (economic surplus) received by Radico Khaitan Limited (`Company') from Contract Bottling Units (CBUs). The Company will be taking appropriate measures in due course to contest this matter and will submit representation/response to the relevant tax authorities.