Alkem Laboratories Limited has informed the Exchange about Action(s) initiated or orders passed
ALKEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts less than Nifty Midcap 150 and 0.1 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Alkem Laboratories has received a GST demand order from the Deputy Commissioner, Large Taxpayer Unit (Corporate Division, West Bengal) for FY 2021-2022. The order demands GST of Rs. 5.21 lakh, interest of Rs. 3.89 lakh, and a penalty of Rs. 62,098, totaling roughly Rs. 9.72 lakh. The tax authority has alleged that the company wrongly used the Reverse Charge Mechanism and excessively claimed Input Tax Credit. The company disagrees with the demand and plans to file an appeal. Alkem has stated that there is no material impact on its financial, operational, or other activities.
The financial impact is very small and the company itself says it is not material, so this is unlikely to affect the stock price or shareholders meaningfully. The appeal process may take time, but the disclosure is largely procedural.