Patanjali Foods' wild honey batch cleared for sale as Ladakh authority revokes prohibition order
Shares of Patanjali Foods Limited may come into focus after the company informed the exchanges that the prohibition order on the sale of a batch of its Patanjali Organic Wild Honey has been revoked.
In a filing to BSE and NSE dated July 10, 2025, the company stated that the Office of the Assistant Commissioner, Food Safety, Drugs & Food Control Organization, Kargil, UT Ladakh, has withdrawn its earlier order prohibiting the sale of a particular batch of Patanjali Organic Wild Honey.
The earlier prohibition was imposed after the primary laboratory reportedly found the batch to be non-compliant with food safety standards. However, the company clarified that the batch was subject to a review by an appellate (referral) laboratory, which has now confirmed that the batch complies with the Food Safety and Standards (Contaminants, Toxins and Residues) Regulations, 2011, and is safe for consumption.
The order revoking the prohibition was issued on July 9, 2025, and is effective immediately.
'This is for your information and records please,' the company said in the filing signed by Company Secretary Ramji Lal Gupta.
The development removes a regulatory overhang on the company's food products and comes as a relief after the earlier adverse finding.
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
6 hours ago
- Business Upturn
Puravankara subsidiary secures Rs 83.5 crore civil works order for ‘Luxon' commercial project in Bengaluru
By Aditya Bhagchandani Published on August 6, 2025, 18:05 IST Puravankara Limited has informed the exchanges that its wholly owned material subsidiary, Starworth Infrastructure & Construction Limited, has received a Letter of Intent worth ₹83.51 crore for a major civil construction project in Bengaluru. The order has been awarded by Krishil WhiteAlpha Private Limited for the construction of civil works of a commercial project named 'Luxon' located at Doddanekundi Industrial Area, Whitefield, Bengaluru, Karnataka. According to the official filing, the order is a domestic contract and does not fall under related party transactions. The execution timeline will follow the terms outlined in the Letter of Intent. The announcement was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR), and the company confirmed that there is no promoter group interest in the awarding entity. This development adds to Puravankara's project pipeline and further strengthens the EPC arm's presence in the commercial construction segment. 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.
Entrepreneur
7 hours ago
- Entrepreneur
NSDL Makes Strong Market Debut with 17% Listing Gains
NSDL has now become the second depository services provider to be listed on Indian exchanges, following Central Depository Services Ltd. (CDSL), which has been publicly traded since 2017. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Shares of National Securities Depository Ltd. (NSDL) made a robust debut on the stock markets on Wednesday, August 6, listing at INR 880, a 10 per cent premium over its issue price of INR 800. The stock extended its gains during the session, closing at INR 937, up 17 per cent, reflecting strong investor confidence in the depository's long-term potential. NSDL has now become the second depository services provider to be listed on Indian exchanges, following Central Depository Services Ltd. (CDSL), which has been publicly traded since 2017. NSDL is the older of the two and handles a larger share of India's demat accounts by value, managing over INR 400 lakh crore worth of securities as of 2024. The company's INR 4,011 crore IPO saw overwhelming investor interest, with the issue being subscribed 41 times, garnering bids worth over INR 1.1 lakh crore. The qualified institutional buyers (QIBs) led the rally, subscribing 104 times their allotted quota, while non-institutional investors (NIIs) subscribed 35 times, and retail investors subscribed 8 times the available portion. NSDL priced its issue at INR 800 per share, and its strong grey market premium leading up to the listing hinted at a potential 17 per cent upside, which materialized on the debut day. The company generates revenue by charging annual communication and connectivity fees to its depository participants, based on bandwidth and operational usage. NSDL operates India's first and largest securities depository. It facilitates the electronic settlement of trades by enabling the seamless transfer of securities between investors and clearing corporations. NSDL's network of over 270 depository participants (DPs) also handles off-market transfers, corporate actions, and pledge/hypothecation services. All stock exchange-cleared trades are settled through its secure and centralized platform, ensuring transparency and efficiency in the capital markets. Indian equities ended mixed on Wednesday. The Nifty 50 opened at 24,641, briefly touched 24,671, and slipped to a low of 24,544 during intraday trading. While banking and financial services stocks remained stable, sectors like IT, pharmaceuticals, media, and consumer goods underperformed. The RBI's decision to maintain the status quo on policy rates, coupled with global concerns around tariff threats from the U.S., kept overall sentiment defensive. NSDL shares closed at INR 936 on the BSE, solidifying a strong start for the depository firm, according to Ashika Institutional Equities.
Business Upturn
9 hours ago
- Business Upturn
Jindal Stainless Q1 Results: Revenue up 8.2% at Rs 10,207 crore, Net profit rises 10.6% YoY
Jindal Stainless delivered a strong performance in the first quarter of FY26, reporting a consolidated net profit of Rs 715 crore, up 10.6% from Rs 647 crore in Q1 FY25. Consolidated revenue stood at Rs 10,207 crore, with EBITDA growing 8.1% YoY to Rs 1,310 crore. The performance was supported by improved sales volumes, robust domestic demand from sectors like automotive, infrastructure, and metro, and sustained operational efficiencies. Net debt declined to Rs 3,869 crore, maintaining a low net debt-to-equity ratio of 0.2x. Sales volume during the quarter was 6.26 lakh tonnes, up 8.3% YoY. Domestic sales accounted for 91% of the volume, while exports contributed 9%. The company marked key milestones with stainless steel supply to Indore Metro, strategic defence orders, and commercial dispatches to BHEL. Its Gurugram office received LEED Platinum certification, and over 3,000 fabricators were trained under the Stainless Academy. Managing Director Abhyuday Jindal highlighted the company's focus on innovation, digital manufacturing through Project Pragati, and reiterated the call for a national stainless steel policy to further strengthen the industry. 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.
