Travel Food Services gets ₹25.8 Cr tax relief from CGST

Travel Food Services Limited (544443) announced it received a rectification order dated May 21, 2026, from the Office of the Commissioner of CGST and Central Excise, Mumbai Central. This order grants substantial relief by significantly reducing the earlier tax demand and penalty. The total demand has been reduced from INR 40,20,34,815/- (₹40.20 Cr) to INR 14,40,00,796/- (₹14.40 Cr), comprising a tax demand of ₹7.20 Cr and a penalty of ₹7.20 Cr. The company is evaluating the order and believes it has a strong case, intending to file an appeal against the remaining demand. The company states the demand has no material impact on its financials or operations.