Lupin Limited — Others, 06-02-2025: Action(s) taken or orders passed

Lupin Limited has received a penalty of ₹2.29 crore from the West Bengal GST Appeal Authority for alleged wrongful availment of Input Tax Credit (ITC) for FY 2017-2018. The company perceives the order as arbitrary and unjustified, indicating plans to file an appeal. Importantly, Lupin believes this order will not materially impact its financial health or operations. This situation could create a potential risk for investor sentiment, but the company’s stance suggests a positive outlook due to the anticipated appeal process.