The company states that its legal counsels are examining appropriate action in this regard
After the reports stating that the Ministry of Corporate Affairs (MCA) has initiated the process of investigation into the affairs of Patanjali Ayurved surfaced, the company has now issued a statement denying the claims.
In an exchange filing, Patanjali Foods stated, “Pursuant to Regulation 30(11) of the Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015, based on confirmation from Patanjali Ayurved, we may clarify that Patanjali Ayurved has not received any communication from Ministry of Corporate Affairs (MCA) for the proposed investigation by MCA as appearing in mainstream media.”
The company added that their legal counsels are examining appropriate action in this regard. The media reports claimed that the MCA’s investigation was to ascertain if there had been any corporate governance or financial lapses in the company.
Earlier, Due to non-conformance of The Food Safety and Standards (Contaminants, Toxins and Residues) Regulations, 2011, Patanjali Foods was directed by the Food Safety and Standards Authority of India (FSSAI) to initiate the recall of the entire batch of implicated food (Red Chilli Powder (packed) of batch number AJD2400012.
The company informed the same in an exchange filing and added that it received the order on 16 January. The order from FSSAI was dated 13 January 2025.
