Latest news with #PatanjaliFoodsLtd
Mint
2 days ago
- Business
- Mint
Patanjali Foods rejects reports of Centre's notice to Ayurved division: ‘Examining appropriate action'
Patanjali Foods Ltd on Sunday junked reports of Patanjali Ayurved Limited receiving notice from the Ministry of Corporate affairs, saying it has not received any communication. In a stock exchange filing, Patanjali Foods said its sister concern Patanjali Ayurved is not being investigated by the Centre. 'Pursuant to Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, based on confirmation from Patanjali Ayurved Limited, we may clarify that Patanjali Ayurved Limited has not received any communication from Ministry of Corporate Affairs('MCA') for the proposed investigation by MCA as appearing in mainstream media,' the filing noted. Patanjali Ayurved is exploring legal options to address the issue, the company said. 'Their legal counsels are examining appropriate action in this regard,' Patanjali Foods said. In a report on May 30, Bloomberg reported that yoga guru Baba Ramdev's company Patanjali Ayurved is under the scrutiny of Centre due to 'suspicious' activities. The Centre has asked Patanjali Ayurved to explain some transactions deemed suspicious, according to the report quoting people familiar with the matter. As per the report quoting unnamed sources, the Union Ministry of Corporate Affairs sent a notice to the company after the federal economic intelligence wing found transactions it said was abnormal and dubious. The sources quoted by Bloomberg did not however reveal the exact amount of transactions involved in the case. They cited early stages of investigation as the reason. The company will have about two months to respond to the notice, according to the report. The corporate affairs ministry will further confirm if the company committed any corporate governance breaches and fund diversion. While Patanjali Ayurved is a closely held company, its unit Patanjali Foods Ltd. is publicly traded. Patanjali's face, Yoga Guru Ramdev, found himself in a soup earlier this year regarding some controversial comments. On May 2, Ramdev gave an undertaking in the Delhi High Court saying he will not issue any disparaging statement or publish on social media, posts similar to his "sharbat jihad" remark against Hamdard's Rooh Afza. A similar undertaking was also tendered by Ramdev's Patanjali Foods Ltd. The court passed the order while dealing with a lawsuit by Hamdard National Foundation India against Ramdev and his Patanjali Foods Ltd over the controversial remarks. Hamdard claimed while promoting Patanjali's "gulab sharbat", Ramdev alleged the money earned from Hamdard's Rooh Afza was used to build madrasas and mosques.
Time of India
15-05-2025
- Business
- Time of India
Patanjali Foods Q4 Results: Profit shoots up 74% to Rs 358 crore
Patanjali Foods Ltd witnessed a significant surge in profitability, reporting a 74% increase in standalone net profit, reaching Rs 358.53 crore for the quarter ending March 2025. The company's total income also experienced substantial growth, climbing to Rs 9,744.73 crore during the same period, driven by strong performance across its edible oil and FMCG segments. Tired of too many ads? Remove Ads New Delhi, Patanjali Foods Ltd on Thursday reported a 74 per cent increase in its standalone net profit at Rs 358.53 crore in the quarter ended March 2025. Its net profit stood at Rs 206.31 crore in the year-ago income rose to Rs 9,744.73 crore in the fourth quarter of the last fiscal year from Rs 8,348.02 crore in the corresponding period of the preceding year, according to a regulatory 2024-25, the company's net profit increased to Rs 1,301.34 crore from Rs 765.15 crore in the preceding income grew to Rs 34,289.40 crore last fiscal from Rs 31,961.62 crore in 2023-24 financial Foods is mainly into edible oil in 1986, Patanjali Foods is also present in food & FMCG, home and personal care, and wind power generation segments. It sells products under various brands including Patanjali, Ruchi Gold, Nutrela, Dant Kanti etc.
Hindustan Times
10-05-2025
- Business
- Hindustan Times
Delhi HC closes Hamdard's lawsuit against Ramdev
The Delhi high court on Friday closed the trademark disparagement lawsuit after Yoga instructor and entrepreneur Ramdev told the court that the video containing his remarks of 'sharbat jihad' on Hamdard's Rooh Afza has been taken down from all his social media accounts. Justice Amit Bansal passed the order while dealing with the lawsuit by Hamdard National Foundation India against Ramdev and his Patanjali Foods Ltd over the controversial remarks. Hamdard had sought for a permanent injunction restraining Patanjali from infringing and disparaging its trademark, along with damages up to ₹2 crore. On Friday, Justice Bansal closed the lawsuit after going through the undertakings of Ramdev and Patanjali in their affidavits pledging not to make any statements, social media posts or disparaging videos or advertisements in future regarding Hamdard's popular drink Rooh Afza. The averments in their affidavits were binding on Ramdev and Patanjali, the court remarked. In its petition, Hamdard said that while promoting Patanjali's 'gulab sharbat', Ramdev alleged the money earned from Hamdard's Rooh Afza was used to build madrasas and mosques. On April 22, the court said that Ramdev's remark was indefensible and shook its conscience, prompting the Yoga exponent to assure he would immediately take down the related videos and social media posts. The court asked Ramdev and Patanjali to file their undertaking in affidavits. Days later, however, Hamdard during a hearing on May 1 pointed out that Ramdev had made the same remarks in yet another video, showing no remorse for his conduct. Following the court's reprimand, Ramdev agreed to take down the offending portions of the new video within 24 hours. On May 2, Ramdev and Patanjali agreed to file an affidavit assuring they would not make any statements in future regarding Hamdard's product and sought the closure of the lawsuit. The court had posted the matter to Friday.
Time of India
09-05-2025
- Business
- Time of India
HC accepts Ramdev undertaking, closes sharbat defamation case
Baba Ramdev (File photo) NEW DELHI: Delhi HC Friday closed a defamation case against yoga guru Ramdev , accepting a written undertaking by him that he would not make any further disparaging remarks against Hamdard's Rooh Afza. Justice Amit Bansal said the statements of Ramdev and Patanjali Foods Ltd in their affidavits were binding on them and decreed the suit in favour of Hamdard. Operation Sindoor PM Modi meets NSA, chiefs of armed forces amid spike in tensions with Pak India's air defence systems shoot down Pak drones in J&K, Punjab & Rajasthan Several airports in India to be closed till May 15 - check list HC had earlier ordered removal of controversial online content posted by Ramdev and his firm Patanjali, and asked for the undertaking that such slanderous remarks would not be repeated. Hamdard had sued Ramdev and Patanjali Foods Ltd, saying the yoga guru had falsely claimed that earnings from Hamdard's Rooh Afza were used to build madrasas and mosques as part of a " sharbat jihad ". The court had termed the remarks indefensible and said they "shook its conscience". Last month, HC had sought an affidavit from Ramdev and Patanjali that they would not issue such statements through social media posts and disparaging videos/ads against products of competitors, including those of Hamdard. Ramdev had promised to comply.
The Hindu
09-05-2025
- Business
- The Hindu
Delhi HC closes case after Ramdev pledges no more offensive remarks against Rooh Afza
The Delhi High Court on Friday (May 9, 2025) closed a case after Yoga guru Ramdev pledged not to pass any further disparaging remarks against Hamdard's Rooh Afza. Justice Amit Bansal said the averments of Ramdev and Patanjali Foods Ltd. in their affidavits were binding on them and decreed the suit in favour of Hamdard National Foundation India. The court had previously ordered removal of a controversial online content on Rooh Afza and asked Mr. Ramdev and Patanjali to file their undertaking. Also Read | Delhi High Court orders Patanjali to take down 'communal' video on rival firm's product The court passed the order while dealing with a lawsuit by Hamdard National Foundation India against Ramdev and his Patanjali Foods Ltd. over the controversial remarks. Hamdard claimed while promoting Patanjali's 'gulab sharbat', Mr. Ramdev alleged that the money earned from Hamdard's Rooh Afza was used to build madrasas and mosques. On April 22, the court sought an affidavit from Mr. Ramdev and Patanjali assuring to 'not issue any statements, social media posts or disparaging videos/advertisements in future similar to those which are subject matter of the present suit in respect of products of the competitors'. Mr. Ramdev's remark of 'sharbat jihad' on Hamdard's Rooh Afza, the court said, was indefensible and shook its conscience, prompting the Yoga guru to assure he would immediately take down the related videos and social media posts. Hamdard's counsel had said instead of taking down the objectionable YouTube video in terms of an earlier order, the defendant had only made it private. Mr. Ramdev's counsel, on the other hand, said he had 'great respect for the court' and its directions would be complied with. On May 1, after the court warned of initiating contempt action against Mr. Ramdev, his lawyer assured that certain objectionable content which was subsequently published would also be deleted within 24 hours.
