Zydus Lifesciences Limited has informed the Exchange about General Updates
ZYDUSLIFE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zydus Lifesciences has received an Order-in-Original from the Assistant Commissioner of State Tax, Gujarat, demanding Rs. 3.28 crore (including interest and penalty) under Section 74 of the CGST Act, 2017. The demand relates to the alleged inadmissible availment of Input Tax Credit for the financial year 2019-20. The company received the order on March 24, 2026, and has stated it intends to appeal, citing strong merits based on past High Court and Supreme Court judgments on similar matters. The company has confirmed there is no material financial impact from this order.
The Rs. 3.28 crore demand is small relative to the company's size and the company is contesting it confidently, so the stock price impact is likely to be negligible. Investors should note the pending appeal and monitor for any adverse outcome, but the company's own assessment suggests no material risk.