Syngene International Limited — Others, 23-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Syngene International Limited has announced a board meeting to discuss an update on tax litigation regarding Assessment Year 2018-19. The company has received an order from the Deputy Commissioner of Income Tax, resulting in a revised tax demand of ₹118.90 crore, following adjustments to a previous ruling that demanded ₹96.40 crore. Syngene is currently analyzing this order and will determine the next steps. Investors should monitor this situation closely, as the litigation outcome could impact the company's financial position, presenting either potential risk or opportunity for future financial performance.