Gufic Biosciences Limited — Others, 19-03-2025: Action(s) taken or orders passed

Gufic Biosciences Limited has received an Assessment Order from the Income Tax Department, demanding a tax payment of ₹11.89 crore for the Assessment Year 2023-24. The company disagrees with this finding and plans to appeal at the National Faceless Appeal Centre, backed by expert tax counsel. Management asserts that the claim lacks merit and anticipates no material impact on its financial or operational activities. This situation could create uncertainty for investors; however, the potential for a positive resolution may also influence sentiment positively.