NSEGeneral Updates4d ago · 5 Nov 2026, 09:24 pm
General Updates
AstraZeneca Pharma India Limited · ASTRAZEN
✦ AI SummaryRegulatory
AstraZeneca Pharma India Limited has informed the Exchange about a potential revised demand notice from the Bengaluru North City Corporation or Greater Bengaluru Authority, requiring improvement charges and applicable interest under the Greater Bengaluru Governance Act, 2024 read with Karnataka Municipal Corporations Act, 1976. The Company has made an additional provision of INR 156.1 million in its books of accounts, based on estimates.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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AstraZeneca Pharma India Limited has informed the Exchange about General Updates
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ASTRAZEN_05112026212425_Intimation_BBMP_Anticipated_Demand_Notice_04112026.pdf
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November 5, 2026
The Manager- Listing
BSE Limited
P J Towers, Dalal Street, Fort,
Mumbai – 400 001
The Manager- Listing
National Stock Exchange of India Limited
Exchange Plaza,
Bandra – Kurla Complex, Bandra (E),
Mumbai – 400 051
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 - Update
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, and in furtherance to our earlier intimation dated January
21, 2025, we hereby inform that the Company may likely receive a revised demand notice from
the Bengaluru North City Corporation or Greater Bengaluru Authority (successor to Bruhat
Bengaluru Mahanagara Palike), requiring improvement charges and applicable interest thereon
under the provisions of Greater Bengaluru Governance Act, 2024 read with Karnataka
Municipal Corporations Act, 1976. In this regard, please find the details as required under the
SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
attached herewith as Annexure – A.
Kindly take the above information on record.
Thanking You
For AstraZeneca Pharma India Limited
Tanya Sanish
Company Secretary & Compliance Officer
ACS No. A25784
Annexure-A
Sl. No. Particulars Details
1. Name of the party Bengaluru North City Corporation (BNCC) or
Greater Bengaluru Authority (‘GBA’)
(successor to Bruhat Bengaluru Mahanagara
Palike)
2. Details of change in the status Pursuant to dismissal of a Writ Appeal filed
and / or any development in before the Hon’ble High Court of Karnataka, a
relation to the proceedings demand notice is anticipated to be issued by
BNCC / GBA, which is likely to be the
improvement charges and applicable interest
under the provisions of Greater Bengaluru
Governance Act, 2024 read with Karnataka
Municipal Corporations Act, 1976.
3. Compensation/ Penalty paid, if Nil. The Company will examine the demand
any and the underlying computation and based on
the outcome of such examination, will take
appropriate action.
4. Expected financial implications The quantifiable monetary impact will be
limited to the amount ascertained by BNCC /
GBA to be finally levied on the Company
under a revised anticipated demand notice. The
likely improvement charges should not exceed
INR 70.8 million and in addition there is likely
to be applicable interest as computed by the
BNCC / GBA. The Company has presently
made an additional provision of INR 156.1
million in its books of accounts, based on the
estimates.