Tax update: Syngene gets Rs 8.62 crore refund order for AY 2014-15

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SYNGENE · price

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

-2.1%Reaction day

₹422.65

prior close

₹420.55

announcement price

After-mkt

timing

Nifty Smallcap 250market-2.0%-0.2% vs market

Healthcare Research Analytics & Technology peers, median of 5sector+0.2%-2.3% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and 2.3 pts less than its Healthcare Research Analytics & Technology 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

+0.9

10m

+0.7

15m

+1.2

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.1-2.0-0.2+0.2-2.3

Next day

-1.6-0.4-1.2+1.3-2.9

-0.7+0.9-1.6+2.8-3.5

-0.3+1.2-1.5+3.9-4.3

-0.9+0.1-1.0+3.1-4.0

-0.6+0.8-1.4+3.8-4.5

-1.3+0.3-1.6+1.0-2.3

15d

-2.0+0.1-2.2-1.5-0.6

-4.3+2.2-6.5+5.2-9.5

-8.4+3.2-11.6+16.5-24.9

-18.1-2.6-15.5+0.2-18.4

UpDownMarket · Nifty Smallcap 250Sector · Healthcare Research Analytics & Technology peers, median of 5Pending

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AI summary

Syngene received an income tax order dated May 14, 2026 for AY 2014-15 giving effect to the NFAC's February 2026 appeal decision which partly allowed the company's appeal. The Assessing Officer granted a refund of Rs. 8.62 crore including interest, though the amount is yet to be received. No penalty, restriction or sanction was imposed. The company expects no material financial impact and says contingent liability for AY 2014-15 will reduce.

Likely market impact

Positive update. Rs 8.62 crore refund ordered for AY 2014-15 yet to be received. No penalty imposed; contingent liability reduces.