Syngene International Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
SYNGENE · price
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Awaiting price reaction for this filing.
Syngene International has received an order dated September 11, 2025 from the Income Tax Assessing Officer giving effect to earlier orders of the National Faceless Appeal Centre related to AY 2018-19. The tax demand has been revised downward to Rs. 103.58 crore (including interest), down from earlier demands of Rs. 118.90 crore and Rs. 165.40 crore. The company had previously appealed against the original assessment order dated September 24, 2021, and those appeal proceedings are still ongoing. The company has stated it believes it has strong merit in the case and does not expect any material impact on its financials, operations, or activities. No penalty or restriction has been imposed under the current order, and the company is analysing it to decide on further action.
The reduction in the tax demand from earlier higher amounts is mildly positive, but the Rs. 103.58 crore demand still remains a pending liability until the ongoing appeal is resolved. Investors should monitor the appeal outcome, though management's view that there will be no material financial impact should limit near-term stock reaction.