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 National Faceless Appeal Centre concerning a tax assessment for the financial year 2018-19. The Assistant Commissioner of Income Tax (TDS) has raised a demand of ₹10.99 lakh, citing that year-end provisions were liable for tax deduction. The company is contesting this demand on multiple grounds. This situation may create a potential financial risk for Syngene if the appeal does not succeed, impacting its cash flow. However, the company’s proactive stance in addressing the issue reflects a strong approach to governance and compliance, which could foster a neutral impact on investor sentiment.