Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ABBOTINDIA · price
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Abbott India has received an order from the Principal Commissioner of CGST & Central Excise, Mumbai East, levying a penalty of approximately Rs. 2.40 crore (Rs. 2,40,46,491) covering four financial years: 2018-19, 2019-20, 2021-22, and 2023-24. The penalty relates to the disallowance of Input Tax Credit (ITC) claimed by the company. The order was received on December 30, 2025. Abbott India has stated that it considers the demand to be not maintainable and plans to file an appeal against the order.
The company has clarified there is no material impact on its financials, operations, or other activities. For shareholders, this is a relatively small penalty (about Rs. 2.40 crore) compared to Abbott India's overall scale, and the company's decision to appeal suggests confidence in overturning the demand.