Alkem Laboratories Limited — Others, 28-02-2025: Action(s) initiated or orders passed

Alkem Laboratories has received a GST demand order from the Superintendent, CGST & Central Excise, Cuttack, for financial years 2020-2021 and 2021-2022, totaling ₹5.83 lakh in GST with an additional penalty of ₹58,308, citing excess availment of Input Tax Credit. The company plans to appeal this order, asserting it does not agree with the demand. While there’s no material impact on Alkem’s financials or operations, this situation could raise investor concern regarding regulatory compliance, presenting a potential risk if not resolved favorably.