Tax demand of Rs 24.10 lakh for FY19, company to appeal

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SANOFI · price

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On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.0 pts more 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

Sanofi India received an order dated 23 Dec 2025 from the Deputy Commissioner of State Tax, Ahmedabad, for FY 2018-19. Total demand is Rs 24,10,359 comprising tax of Rs 12.96 lakh, interest of Rs 9.85 lakh, and penalty of Rs 1.30 lakh. The dispute concerns excess Input Tax Credit claimed in GSTR-3B versus GSTR-2A. The company plans to appeal before higher tax authorities.

Likely market impact

Small financial impact relative to company size. Company will appeal, so final outcome is pending and unlikely to materially affect operations.