Syngene International Limited — Others, 05-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Syngene International Limited has received a rectification order from the Income Tax Department concerning tax demands for Assessment Years 2013-14 and 2014-15. The revised demands show adjustments to Rs. 2.59 cr and Rs. 1.46 cr, respectively. The company has filed an appeal against the initial order, which is currently in progress.

This update could impact the company's financial health, as adjusted tax liabilities may influence cash flow. Investors might view this development with a cautious outlook, given potential financial implications while awaiting resolution of the appeal process.