Indegene Limited has informed the Exchange about Action(s) initiated or orders passed

Indegene Limited has received a final assessment order from the Income Tax Department's Assessment Unit for Assessment Year 2023-24 (FY 2022-23). The authority has made transfer pricing adjustments of INR 123.41 crore to the returned income, resulting in a tax demand of INR 43.69 crore including interest. The company disputes the adjustments and has filed an application under the Mutual Agreement Procedure (MAP) under the India–USA Double Taxation Avoidance Agreement. It will also pursue domestic appellate remedies. The company states it holds strong positions on facts and law and does not expect any material adverse impact on its financial position or operations at this stage.