Lupin Limited — Others, 03-02-2025: Action(s) taken or orders passed

Lupin Limited has received orders from the Maharashtra and Delhi GST authorities imposing penalties of ₹3.55 crore and ₹1.27 crore, respectively, related to alleged wrongful availment of ITC for FY 2017-2018 and FY 2021-22. The company views these penalties as arbitrary and unjustified, planning to appeal the decisions. There is no anticipated material impact on its financials or operations from these orders. Investor sentiment may remain stable, given the company's confidence in its position and upcoming appeal, reflecting a positive outlook amid regulatory challenges.