Syngene International Limited — Others, 23-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Syngene International has submitted an appeal to the National Faceless Appeal Centre regarding a tax deduction dispute for Assessment Year 2019-20. The company is contesting a demand of ₹24.03 lakh raised by the Assistant Commissioner of Income Tax, which has implications for its financial position. This appeal aims to overturn adjustments made by tax authorities. Investors may view this as a potential risk, given the financial implications of the tax demand, but a favorable resolution could bolster confidence in Syngene’s management of tax matters.