NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company29 Sept 2026 · 29 Sept 2026, 11:09 am
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Sanofi India Limited · SANOFI
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Sanofi India Limited has received a Show Cause Notice from the State Tax Officer Ghatak 21 (Ahmedabad) Range 6 Division 2, Gujarat, alleging discrepancies in GST matters pertaining to FY 2022-23. The notice proposes a tax, interest, and penalty demand aggregating to Rs.16,40,07,641. The company is in the process of responding to the notice and does not envisage any adverse impact on its financials, operations, or other activities.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Receipt of Show Cause Notice from GST Authority.
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29th September 2026
The Secretary The Secretary
BSE Limited The National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G,
Dalal Street Bandra-Kurla Complex, Bandra (E)
Mumbai 400 001 Mumbai 400 051
Scrip Code: 500674 Symbol: SANOFI
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Receipt of Show Cause Notice from GST
Authorities
Dear Sir/ Madam,
In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“the Listing Regulations”), this is to inform you that the
Company has received a Show Cause Notice dated 28th September 2026, from the State Tax
Officer Ghatak 21 (Ahmedabad) Range 6 Division 2, Gujarat in relation to GST matters
pertaining to FY 2022-23. The Show Cause Notice, inter alia, alleges discrepancies between
the value of supplies disclosed in E-Way Bills and the corresponding disclosures made in
GSTR-1, issues relating to reconciliation of turnover reported in GSTR-9C vis-à-vis turnover
considered in GSTR 1, short reversal of input tax credit and availment of certain input tax
credits alleged to be ineligible under the applicable GST laws. The Notice proposes a tax,
interest and penalty demand aggregating to Rs.16,40,07,641.
The Company is in the process of responding to the notice after receiving the relevant facts
basis thereon above demand has been determined.
The information required in terms of Regulation 30 read with Clause 8 of Para B of Part A of
Schedule III of the Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-
CFD-POD2/I/3762/2026 dated 30th January 2026 and Industry Standards on Regulation 30
of the Listing Regulations, are enclosed as ‘Annexure-I’.
This information is also made available on the website of the Company.
We request you to kindly take the above on record.
Thanking you,
Yours faithfully,
For Sanofi India Limited
Haresh Vala
Company Secretary and Compliance Officer
Membership No.: A18246
Encl: a/a
Sanofi India Limited, Sanofi House, CTS No. 117-B, L&T Business Park, Saki Vihar Road, Powai, Mumbai 400 072 – India Tel.: +91(22) 2803 2000 - Fax: +91(22) 2803 2939
Corporate Identity Number: L24239MH1956PLC009794 Website: www.sanofiindialtd.com | www.sanofi.in Email: igrc.sil@sanofi.com
Annexure – I
Information as required under Regulation 30 read with Clause 8 of Para B of
Part A of Schedule III of the Listing Regulations
Sr. Particulars Description
1. Type of communication The Company has received a Show Cause Notice dated
received 28th September 2026 in relation to GST matters
pertaining to FY 2022-23 alleging discrepancies
between the value of supplies disclosed in E-Way Bills
and corresponding disclosures in GSTR-1, issues
relating to reconciliation of turnover reported in GSTR-
9C vis-à-vis turnover considered in GSTR 1, short
reversal of input tax credit and availment of certain
input tax credits alleged to be ineligible under
applicable GST laws.
2. Date of receipt of 28th September 2026
communication
3. Name of the Authority State Tax Officer Ghatak 21 (Ahmedabad) Range 6
Division 2, Gujarat
4. Brief details of dispute / Show Cause Notice proposing a tax, interest and
litigation viz. name(s) of the penalty demand aggregating to Rs.16,40,07,641 in
opposing party, court/ relation to alleged discrepancies between the value of
tribunal/agency where supplies disclosed in E-Way Bills and corresponding
litigation is filed, brief details disclosures in GSTR-1, issues relating to reconciliation
of dispute/litigation; of turnover reported in GSTR-9C vis-à-vis turnover
considered in GSTR 1 and the gross turnover reported
by the Company, short reversal of input tax credit and
availment of certain input tax credits alleged to be
ineligible under applicable GST laws for FY 2022-23.
5. Expected financial The Company, in consultation with its consultant / tax
implications, if any, due to advisors, is examining the Show Cause Notice as
compensation, penalty etc.; received and shall take appropriate steps including
submission of reply within the prescribed time period.
The Company does not envisage any adverse impact
on the financials, operations or other activities of the
Company arising from this Show Cause Notice.
6. Quantum of claims, if any; As described in Sr. No. 4 above
Sanofi India Limited, Sanofi House, CTS No. 117-B, L&T Business Park, Saki Vihar Road, Powai, Mumbai 400 072 – India Tel.: +91(22) 2803 2000 - Fax: +91(22) 2803 2939
Corporate Identity Number: L24239MH1956PLC009794 Website: www.sanofiindialtd.com | www.sanofi.in Email: igrc.sil@sanofi.com