Syngene International Limited — Others, 29-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Syngene International has reported an update regarding tax litigations related to the Assessment Year 2018-19. The company received orders from the Income-tax authorities, which include an enhanced tax demand of Rs. 165.40 crore following the rectification of previous assessment errors. However, the Principal Commissioner of Income-tax has dropped revision proceedings against the firm. Syngene is currently appealing the original tax demand and believes there won't be a material impact on its operational or financial health. This situation indicates a potential risk but also suggests confidence in the company's legal stance, which may positively influence investor sentiment.