Cipla Limited — Others, 14-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Cipla Ltd. has announced a board meeting to discuss the rectification order received from the Income Tax Department, which has reduced the tax demand for the assessment year 2020-21 from INR 312.96 crore to INR 98.70 crore. This revision leads to an overall reduction of the total tax demand from INR 773.44 crore to INR 559.18 crore for the years 2015-16 to 2022-23. The positive outcome may improve the company’s financial health and reduce liabilities, potentially reflecting positively on investor sentiment.