Syngene International Limited — Important, 27-03-2025: Updates

Syngene International Limited has provided additional disclosures regarding orders from the Income Tax Department, relating to the non-deduction of tax at source (TDS) for certain payments made to non-residents and residents. The orders have raised demands for TDS and interest totaling ₹1.85 crores, ₹0.11 crores, and ₹0.24 crores for assessment years 2019-20 and 2018-19. Despite these developments, the company states that there will be no material impact on its financials or operations. The Company is currently analyzing the orders and will take appropriate actions. Investors should observe developments closely, as the situation may have implications for future compliance and cash flows.