Zydus Lifesciences Limited has informed the Exchange about General Updates
ZYDUSLIFE · price
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Awaiting price reaction for this filing.
Zydus Lifesciences has received a demand order from the Joint Commissioner of Common Adjudication Authority, CGST Ahmedabad, on October 31, 2025. The order relates to an alleged excess refund claim of IGST on export of goods, where the company is said to have used the CIF (Cost, Insurance & Freight) value instead of the FOB (Free on Board) value for the period April 2018 to March 2024. The total demand is Rs. 74.23 crores with a similar amount of Rs. 74.23 crores as penalty, apart from applicable interest. The order covers four GST registrations across Gujarat, Maharashtra, Himachal Pradesh, and Goa. The company has stated it will challenge the order by filing an appeal, and has clarified there is no material financial impact.
While the total demand plus penalty adds up to about Rs. 148.46 crores, the company maintains it is contestable and not material financially. Investors should watch for the appeal outcome, but the immediate impact on the stock is expected to be limited.