Sapphire Foods India Legal & Regulatory
Sapphire Foods received a GST show cause notice for INR 19.99 Crore regarding tax and ITC discrepancies. The company considers the claim not maintainable.
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Sapphire Foods received a GST show cause notice for INR 19.99 Crore regarding tax and ITC discrepancies. The company considers the claim not maintainable.
Sapphire Foods received a GST show cause notice amounting to ₹21.465 Crore for the period April 2022 to March 2023. The company is evaluating the notice.
Sapphire Foods received a GST show cause notice for INR 516.84 Crore. The company contests the claim and expects no material impact on its operations.
Director Sanjay Purohit sold 902,555 equity shares of Sapphire Foods India Ltd via market sale for Rs.20.31 Crore.
Sapphire Foods India Limited and Devyani International Limited have jointly filed an application with the Competition Commission of India regarding their proposed merger.
Director Sanjay Purohit sold 694,445 equity shares of Sapphire Foods India Ltd worth ₹15.87 Crore via market sale. This PIT disclosure details the director's equity reduction.
Sapphire Foods India Ltd approved a revised scheme of amalgamation with Devyani International Ltd following the termination of a secondary sale agreement. The merger process continues.
Sapphire Foods has terminated the SPA for the previously proposed Secondary Sale Transaction. The merger process with Devyani International Limited continues as planned without this condition.
Sapphire Foods reported that the Income Tax Appellate Tribunal (ITAT) dismissed an appeal by the Income Tax Department, upholding a favourable order for its subsidiary.