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

Syngene International Limited has announced a board meeting regarding its participation in the Direct Tax Vivad Se Vishwas Scheme to settle income tax disputes for the assessment years 2012-13 to 2018-19. The company will pay an aggregate tax amount of ₹9.46 crore, with ₹1.53 crore already paid under protest. The remaining ₹7.93 crore is due within 15 days of receiving the issued certificate. This strategic move aims to ease tax litigation burdens without materially impacting operations. Investors may view this update as a positive outlook for the company's financial health, reducing future uncertainties related to tax disputes.