Megastar Foods gets notice for ₹731.37 Cr alleged fee non-payment
Megastar Foods Ltd has received a notice from the Market Committee, Rupnagar, regarding the alleged non-payment of Market Committee Fee and RDF Fee, totaling ₹731.37 Crores. The company asserts that it has already procured the necessary license from the Punjab State Agricultural Marketing Board, valid until March 31, 2030, which it considers the appropriate licensing authority. Megastar Foods further states that as a processing unit in Punjab, it is not liable for such market and RDF fees as per prevalent state laws. The company plans to approach the Punjab State Agricultural Marketing Board to address the matter and pursue appropriate legal recourse, anticipating a favorable outcome. The notice, dated April 9, 2026, was received on April 13, 2026. The company does not expect any immediate financial impact, with the monetary implications dependent on the adjudication proceedings.
Key Highlights
- Company received notice from Market Committee, Rupnagar, on April 13, 2026.
- Notice alleges non-payment of ₹731.37 Cr in Market Committee and RDF fees.
- Company claims valid license from Punjab State Agricultural Marketing Board until 2030.
- Megastar Foods asserts fees are not applicable to processing units in Punjab.
- Company will pursue legal recourse; no immediate financial impact expected.