Pfizer gets Rs 85.74 cr income tax demand for FY23, plans to appeal

Regulatory & Legal View source PDF Explain this filing

PFIZER · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹4780.50

prior close

₹4702.00

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.1%-0.4% vs market

Pharmaceuticals peers, median of 160sector-1.3%-0.1% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Smallcap 250 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.2

15m

+0.1

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4-1.1-0.4-1.3-0.1

Next day

+0.3+0.7-0.4-0.2+0.5

+0.4+0.8-0.3-0.6+1.0

-0.5+1.3-1.7-0.5+0.0

-1.6+0.8-2.4-0.7-0.8

-1.8+1.8-3.6-0.2-1.6

-0.1+3.9-3.9+1.6-1.6

15d

+1.7-0.7+2.4+0.3+1.4

-2.6+2.3-4.9+3.2-5.7

-5.9+7.2-13.1+6.3-12.2

-3.1+6.1-9.2+7.8-10.9

UpDownMarket · Nifty Smallcap 250Sector · Pharmaceuticals peers, median of 160Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Pfizer Limited received an income tax assessment order on April 23, 2026 demanding Rs 85.74 crore for FY 2022-23, along with a show cause notice for penalty proceedings. The demand stems from alleged under-reporting of income due to disallowance of certain expenses. The company is evaluating the order and plans to file an appeal and/or stay application, stating it believes it has strong grounds on merits. Pfizer says the order is not expected to have any material impact on its financials or operations at this stage.

Likely market impact

Tax demand of Rs 85.74 cr; company to appeal. Company expects no material financial impact. Watch appeal outcome.