NSEGeneral Updates3d ago · 2 Sept 2026, 08:42 pm

General Updates

Aarti Pharmalabs Limited · AARTIPHARM

✦ AI Summary▼ NegativeRegulatory

Aarti Pharmalabs Limited has received an order from the Office of the Superintendent of Stamps, Gandhinagar, Gujarat, pertaining to the adjudication of stamp duty on the Scheme of Arrangement (Demerger) between Aarti Industries Limited and Aarti Pharmalabs Limited. The order levies a stamp duty of Rs. 25 Crores and a penalty of Rs. 59,50,00,000. The company believes it has a strong case on merits and will challenge the order.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment2/10

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Aarti Pharmalabs Limited has informed the Exchange about General Updates

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AARTIPHARMA_02092026204149_Reg30stampdutypenaltysigned.pdf

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September 02, 2026 To, To, Listing/ Compliance Department Listing/ Compliance Department BSE LTD. National Stock Exchange of Phiroze Jeejeebhoy Towers, India Limited Dalal Street, “Exchange Plaza”, Plot No. C/1, Mumbai - 400 001 G Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 SCRIP CODE: 543748 SYMBOL: AARTIPHARM Dear Sir/Madam, Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (“SEBI Listing Regulations”) Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") we hereby inform you that Aarti Pharmalabs Limited ("the Company") has received an order dated August 29, 2026, from the Office of the Superintendent of Stamps, Gandhinagar, Gujarat. The order pertains to the adjudication of stamp duty on the Scheme of Arrangement (Demerger) between Aarti Industries Limited (Demerged Company) and Aarti Pharmalabs Limited (Resulting Company) sanctioned by the Hon’ble National Company Law Tribunal (NCLT), Ahmedabad Bench vide its order dated September 21, 2022. The details as required to be provided as per sub-para 20 of Para A of Part A of Schedule III of SEBI Listing Regulations is as follows: Sr Particulars Details 1. Name of the authority Office of the Superintendent of Stamps, Gujarat, Gandhinagar 2. Nature and details of the action(s) taken or Order passed under Chapter IV of the order(s) passed Gujarat Stamp Act, 1958, levying stamp duty and penalty: Stamp Duty of Rs. 25 Crores (Rupees Twenty-Five Crore only) under Article 20(D) of Schedule-I of the Gujarat Stamp Act. Penalty equal to the deficient duty of Rs.25 Crores (Rupees Twenty-Five Crore only) as per Rule 9 of the Mumbai Stamp (Market Value Determination) Rules, 1984. Penalty of Rs. 9,50,00,000/- under the provisions of the Gujarat Stamp Act, 1958 Totalling Rs, 59,50,00,000/- (Rupees Fifty-Nine Crore Fifty Lakh only) 3. Date of receipt of direction or order, including Date: 01.09.2026. ( Awaiting the any ad-interim or interim orders, or any other physical/hard copy as the Authority communication from the authority. has dispatched through Regd. Post) 4. Details of the violation(s)/contravention(s) Alleged short payment/non-payment committed or alleged to be committed of stamp duty under the Gujarat Stamp Act, 1958, on the Order of the NCLT, Ahmedabad Bench dated September 21, 2022, approving the Scheme of Arrangement (Demerger) of the Pharma Division of Aarti Industries Limited into Aarti Pharmalabs Limited. However, the Company is in the process of evaluating the order and it believes that it has a strong case on merits and will challenge the order passed by the Stamp Authorities. The Company believes that it has adequate factual and legal grounds to reasonably substantiate its position in this matter and considering the same, the Company will be taking appropriate course of actions for challenging the said order. 5. Impact on financial, operation or other Rs. 59,50,00,000/- (Rupees Fifty- activities of the listed entity, quantifiable in Nine Crore Fifty Lakh only) monetary terms to the extent possible The same is also being uploaded on Company’s website https://www.aartipharmalabs.com Please take the same on your records. Thanking you, Yours faithfully, For AARTI PHARMALABS LIMITED JEEVAN MONDKAR COMPANY SECRETARY AND LEGAL HEAD ICSI M. NO. A22565