Alembic Pharmaceuticals Limited — Important, 03-07-2025: Updates

Alembic Pharmaceuticals has received a tax demand and interest totaling approximately Rs. 33.2 Cr from the Assistant Commissioner, Central GST, Gangtok Division. This relates to alleged excess refunds under a government budgetary support scheme for FY 2017-18 to FY 2024-25. The company intends to contest the demand by filing an appeal with the relevant authority. There is no penalty or restriction imposed currently.