In a setback for Patanjali Foods Ltd, the food safety regulator has asked the Baba Ramdev-led firm to recall an entire batch of its red chilli powder due to violation of the safety norms, the company said in an exchange filing on January 23.
The company in a statement said, "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we may inform you that Food Safety and Standards Authority of India vide its Order dated January 13, 2025 (received on January 16, 2025), has directed the Patanjali Foods Limited (“the Company”) to initiate recall of the entire batch of implicated food (i.e. “Red Chilli Powder (packed)” of Batch No. – AJD2400012 due to non-conformance of The Food Safety and Standards (Contaminants, Toxins and Residues) Regulations, 2011."
The firm's stock price closed 1.33 percent lower at Rs 1,839.8 on NSE on January 23.
Incorporated in 1986, Baba Ramdev-led Patanjali Ayurved group firm, Patanjali Foods (erstwhile Ruchi Soya) is one of India's top FMCG players.
The company is present in edible oils, food and FMCG and wind power generation sectors. It sells products under various brands like Patanjali, Ruchi Gold, Nutrela, etc.
Patanjali Foods posted 21 per cent increase in standalone net profit to Rs 308.97 crore for September quarter. Its net profit stood at Rs 254.53 crore in the year-ago period.
Total income rose to Rs 8,198.52 crore during the second quarter of this fiscal year from Rs 7,845.79 crore in the year-ago period.
With PTI inputs
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