Unichem Laboratories Limited — Important, 24-01-2025: Disclosure of material issue

The Company has received an assessment order from the Joint Commissioner of CGST & CX, Thane, demanding a total of ₹87.07 Cr as penalty and ₹6.58 Cr in interest related to delayed payments of tax liabilities. The assessment highlights alleged violations of the CGST Act concerning punctual tax payments. However, the Company asserts that it has already met its tax obligations at the relevant time and based on legal counsel, believes the demand is not legally valid. The Company plans to appeal the order within the prescribed timelines, suggesting they maintain a proactive stance in addressing the issue. Despite the substantial penalty, management states there will be no material impact on the Company’s financials or operations. Investors should monitor this situation closely, as it could affect the Company's legal stance and future financial performance.