Zydus Wellness Limited — Others, 23-01-2025: Action(s) taken or orders passed

Heinz India Private Limited, which merged with Zydus Wellness Products Limited, has received a tax assessment order alleging a short payment for FY 2017-2018, resulting in a penalty of ₹9.35 million. ZWPL is confident in contesting this order and is evaluating its options, which may include an appeal. Importantly, Zydus believes this issue will not affect its financial or operational activities, and any final liability is eligible for indemnification from Heinz Italia S.P.A. This situation may present a neutral impact for investors while highlighting ZWPL’s proactive management approach.