Syngene International Limited — Others, 22-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Syngene International Limited has submitted an appeal to the Commissioner of Income-tax (Appeals)-12 in Bangalore regarding a recent tax demand of ₹1.84 crore for Assessment Year 2019-20. This demand arose from the Deputy Commissioner of Income Tax's classification of certain payments made to non-residents as liable for tax deduction at source. The company is contesting this decision, potentially influencing its financial positioning if the appeal is unsuccessful. Investors may view this as a neutral impact, contingent on the outcome, highlighting both risks associated with tax liabilities and the company’s proactive stance in addressing them.