Jubilant FoodWorks Chairman Shyam Sundar Bhartia on Tuesday issued a statement regarding the registration of an FIR against him, denying the allegations as “baseless, false and disparaging”. In a regulatory filing, the company released a statement received by the chairman which said, “In reference to media reports about the registration of an FIR by the Police, the company has received a statement from Mr Shyam S Bhartia, Chairman, Jubilant Bhartia Group, in his personal capacity, where he denies all the allegations as they are baseless, false and disparaging, and made with clear malafide intent against him.”
He informed that the Bombay High Court has asked the police to investigate the case on its own merits. The Court has also made it clear in the said order that they have not dwelled on the merits of the complaint in any manner whatsoever.
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“As a respectable citizen, Mr Shyam S Bhartia would fully cooperate with the investigation agency as and when called upon to do so. As the Investigation in this matter is ongoing, no additional comments can be made at this stage. He has further requested that the privacy of the family be respected,” the statement said.
The FIR was reportedly registered after a Bollywood actor accused Shyam S Bhartia of rape and fraud. Per reports, the Bombay High Court had questioned the police over a three-month delay in acting on the complaint, following which the FIR was filed against Jubilant’s chairman.
Earlier this month, Jubilant FoodWorks had released its fiscal third quarter earnings report with a profit of Rs 43.24 crore, down 34.20 per cent in comparison to Rs 65.71 crore recorded during the corresponding quarter of FY24. It had posted revenue from operations at Rs 2150.76 crore.
Shares of Jubilant FoodWorks were up 0.87 per cent at 2:40 pm at a trading price of Rs 680.20.
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