Megastar Foods corrects ₹36.68 Cr alleged fee amount

Megastar Foods Ltd has issued a revised disclosure correcting an error in a previous filing regarding a notice from Market Committee, Rupnagar. The original disclosure mistakenly stated the alleged Market Committee Fee and RDF Fee as ₹36,568,59,110/-, which has now been corrected to ₹36,68,59,110/- for each. The notice, received on April 13, 2026, alleges non-payment of these fees and failure to procure an appropriate license. Megastar Foods asserts it holds a valid license from the Punjab State Agricultural Marketing Board and that, as a processing unit, it is not liable for such fees under prevalent state laws. The company plans to address the matter with the Board and pursue legal recourse, expecting no immediate financial impact.