Astec LifeSciences Limited — Others, 01-08-2025: Action(s) taken or orders passed

Astec LifeSciences has received a Show Cause cum Demand Notice from the tax authorities. The notice seeks repayment of an alleged erroneous refund of Rs. 41.12 Cr, along with interest and penalty. The claim suggests the company improperly received a refund despite utilizing duty-free import benefits. Astec LifeSciences firmly believes this demand is without merit and intends to challenge it legally. This development represents a potential financial impact, which the company plans to contest.