Patanjali Foods receives FSSAI prohibition order on Ruchi No 1 Vanaspati batch
Patanjali Foods Ltd. has disclosed a regulatory development involving one of its products, Ruchi No 1 Vanaspati. The company received an official email communication on June 20, 2025, from the Assistant Director of the FSSAI's Central Licensing Authority in Kolkata. The notice prohibits the sale of a specific batch—HAE03702A—of Ruchi No 1 Vanaspati, citing non-conformity with a prescribed norm under Section 3(1)(zz)(xii) of the Food Safety & Standards Act, 2006.
The company clarified that the issue pertains only to this batch and emphasized that the total financial implication is limited to approximately Rs 2.27 lakh. Patanjali Foods stated that there will be no material impact on the company's financial or operational performance due to this order.
As a response, the company is pursuing appropriate legal action and has initiated an appeal against the order. No penalties, other than the prohibition of sale for the identified batch, have been imposed so far.
This update was shared with the stock exchanges under Regulation 30 of SEBI Listing Regulations.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
12 hours ago
- Business Upturn
Infosys Q1 Results: Raises FY26 Constant Currency Revenue Growth guidance to 1-3% from 0-1%
Infosys Limited reported its financial results for the quarter ended June 30, 2025 (Q1 FY26), showing muted growth amid weak discretionary spending and macroeconomic headwinds. The company also shared a cautious outlook for the full year FY26. Q1 FY26 Results: Revenue: ₹38,920 crore, up 0.8% QoQ from ₹38,610 crore in Q4 FY25. Net profit: ₹6,153 crore, up 3.1% QoQ from ₹5,973 crore in Q4 FY25. Operating profit: ₹7,981 crore, up slightly from ₹7,888 crore QoQ. Operating margin: 20.5% vs 20.4% QoQ — stable. Earnings per share (EPS): ₹14.66 vs ₹14.20 QoQ. While the revenue grew marginally sequentially, cost control and higher other income supported profitability. FY26 Guidance: Infosys issued a subdued outlook for FY26: Revenue growth (constant currency): 1% to 3% YoY. Operating margin: Expected to be in the range of 20%–22%. 'Q1 performance is a clear reflection of our unwavering focus on multiple fronts resulting in strong growth at 2.6% QoQ, resilient margins at 20.8% and EPS increase of 8.6% YoY. We continue to leverage Project Maximus to make investments in strategic priorities to drive profitable growth and enhance shareholder value', said Jayesh Sanghrajka, CFO. 'Cash flow conversion was well above 100% for the fifth consecutive quarter. The impact of currency volatility was effectively managed through our proactive hedging strategy', he added. Infosys added that it remains confident about its long-term digital transformation opportunities and will continue to invest in capability building and client partnerships. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
12 hours ago
- Business Upturn
Maruti Suzuki introduces 6 airbags in XL6, prices hiked by up to 0.8%
By Aditya Bhagchandani Published on July 23, 2025, 15:21 IST Maruti Suzuki India Limited (MSIL) has announced the introduction of 6 airbags in its XL6 model, enhancing the vehicle's safety features. The announcement was made through a regulatory filing on July 23, 2025. According to the company, this safety upgrade has led to an increase in the ex-showroom price of the XL6 by up to 0.8%, effective immediately from July 23. The company has communicated this price revision and the introduction of airbags to both the BSE and the National Stock Exchange. Sanjeev Grover, Executive Officer & Company Secretary at MSIL, signed off the notice, informing stock exchanges and stakeholders about the development and requesting them to take it on record. The XL6 is part of Maruti Suzuki's premium offering in the MPV segment, and this update aligns with growing consumer demand for higher safety standards in vehicles sold in India. This enhancement underscores Maruti Suzuki's ongoing efforts to improve the safety of its vehicles while maintaining competitive pricing. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
12 hours ago
- Business Upturn
IREDA's insolvency plea against Gensol Engineering admitted over Rs 510 crore default
By Aditya Bhagchandani Published on July 23, 2025, 15:26 IST The National Company Law Tribunal (NCLT) Ahmedabad Bench has admitted a petition filed by Indian Renewable Energy Development Agency Ltd (IREDA) to initiate insolvency proceedings against Gensol Engineering Ltd over a loan default of ₹510.10 crore. The order, delivered on June 13, 2025, by the bench of Justice Shammi Khan (Judicial Member) and Mr. Sanjeev Kumar Sharma (Technical Member), marks the beginning of the corporate insolvency resolution process (CIRP) for the Ahmedabad-based renewable energy company. IREDA, a government-owned financial institution under the Ministry of New and Renewable Energy, had sanctioned loans totalling ₹863.3 crore to Gensol Engineering between March 2022 and May 2024 for multiple renewable energy and EV projects. However, Gensol defaulted on repayments due on March 31, April 19, and May 12, 2025, triggering loan recall notices and eventually the insolvency application under Section 7 of the Insolvency and Bankruptcy Code. In its defence, Gensol argued that the defaults were not substantiated with adequate evidence and contested the appointment of the proposed Interim Resolution Professional (IRP), citing conflict of interest. The Tribunal acknowledged the conflict and appointed an alternative IRP — Mr. Keshav Khaneja — to take charge of the process. The NCLT declared a moratorium on legal proceedings and asset transfers in line with Section 14 of the IBC and directed Gensol's management to cooperate fully with the IRP. SEBI had earlier barred Gensol's promoters from holding directorial positions over alleged fund misutilisation, adding further weight to the need for resolution. With this order, the CIRP against Gensol Engineering has officially commenced, aiming to resolve its debts and explore a turnaround plan under the supervision of the IRP. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
