Alkem Labs receives GST demand orders from Haryana and Rajasthan authorities

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.4%-0.6% vs market

Pharmaceuticals peers, median of 153sector-0.8%-0.2% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Midcap 150 and 0.2 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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AI summary

Alkem Labs received two GST demand orders totaling about Rs 2.14 crore (tax plus penalty). Haryana authority for FY 2021-22 demands Rs 1.83 crore tax and Rs 18.31 lakh penalty. Rajasthan authority for FY 2018-19 demands Rs 6.12 lakh tax and Rs 6.12 lakh penalty. Both allege excess Input Tax Credit claims. The company plans to appeal and says there is no material financial impact.

Likely market impact

Minor: total demand about Rs 2.14 crore is small relative to company size. Company will appeal; no material financial impact disclosed.