New Delhi: Jubilant Foodworks Ltd (JFL), the operator of Domino’s Pizza and Popeyes in India, has informed the stock exchanges that it has received a rectification order from the Income Tax Department, reducing the previously raised tax demand from ₹216.19 crore to ₹190.21 crore for FY21. The disclosure was made under Regulation 30 of SEBI’s Listing Obligations.
The company said the revised demand continues to ignore JFL’s contentions, and it has already filed an appeal in the matter. It added that, post the appellate process, the “impugned tax demand is likely to get deleted.”
Jubilant FoodWorks stated that the rectification order was received on December 4, 2025, and clarified that it does not anticipate any material financial implications from the development.
In its Annexure A disclosure, the company reiterated that no penalties, non-compliances, sanctions or operational impact had been flagged by the authorities. The update pertains specifically to the 2020–21 assessment year.
In Annexure B, the company further noted the change in litigation status due to the reduced demand, while maintaining that the adjustment is under challenge and should not materially affect its financials.