Receipt of rectification order from the Deputy Commissioner of Income Tax, Bengaluru
As filed · United Foodbrands Limited has informed the Exchange about receipt of rectification order from the Deputy Commissioner of Income Tax, Bengaluru
What happened
FactUnited Foodbrands Limited has informed the Exchange about receipt of rectification order from the Deputy Commissioner of Income Tax, Bengaluru. amounting to ₹8.63 crores have been reduced to nil. For United Foodbrands Limited.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 0.8% of FY26 revenue
₹8.63 Cr stated in the filing against ₹1,025.4 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
WithdrawnWe plan for close to INR 125 crores in this financial year to meet our plan of around 35 new restaurants.
We remain confident in our expansion plans, which continues to be funded largely through our internal accruals, reflecting the strength of our cash generation.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- Our expansion strategy remains measured and focused, with a clear roadmap to reach 300-325 restaurants by FY27 (management committed by FY27)
- We plan for close to INR 125 crores in this financial year to meet our plan of around 35 new restaurants. (management committed by FY26)
Evidence
- United Foodbrands Limited has informed the Exchange about receipt of rectification order from the Deputy Commissioner of Income Tax, Bengaluru(opens the original filing in a new tab)
- Earlier statement · Q2 FY26
- Latest statement · Q1 FY27
- Earlier statement · Q2 FY26
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%