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.
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Governance Concern1/10
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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