Alembic Pharmaceuticals Limited — Important, 11-02-2025: General Updates

The company has received a tax demand order from the Office of the Assistant Commissioner – Patna East Division, totaling Rs. 1.34 crore for the FY 2020-21, which includes a penalty of Rs. 0.13 crore. The allegations involve excess input tax credit (ITC) claimed and failure to pay tax on exempted supplies. Despite this, the company believes the demand lacks merit and plans to appeal the decision with the Commissioner (Appeals). Importantly, the company asserts that this issue will not materially impact its financial performance or operations, suggesting a positive outlook for shareholders.