Zydus Wellness Limited has informed the Exchange about update on Special Leave Petition filed against Zydus Wellness Products Limited, a wholly owned subsidiary
ZYDUSWELL · price
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The Supreme Court of India has dismissed a Special Leave Petition (SLP) filed by the Union of India against Zydus Wellness Products Limited (ZWPL), a wholly owned subsidiary of Zydus Wellness. The SLP challenged a Division Bench order of the High Court of Sikkim that had ruled in favour of ZWPL. The original dispute was about the alleged arbitrary denial of budgetary support to ZWPL when Zydus Wellness was converted from a partnership firm into a company under a GST-era industrial promotion scheme. The SLP was heard for admission on July 11, July 16, and July 28, 2025, before being dismissed on July 28, 2025. With this dismissal, the earlier favourable High Court order in favour of ZWPL now stands upheld by the Supreme Court.
This is a positive outcome for Zydus Wellness shareholders as it removes a long-pending legal uncertainty over the subsidiary's claim to budgetary support under the GST regime scheme. The apex court ruling strengthens ZWPL's position and potentially clears the way for it to pursue the budgetary support it was entitled to.