NSEAction(s) taken or orders passed25 Aug 2026 · 25 Aug 2026, 07:28 pm
Action(s) taken or orders passed
Wockhardt Limited · WOCKPHARMA
✦ AI SummaryRegulatory
Wockhardt Limited has received an Adjudication Order from the Commissioner of Customs, Nhava Sheva-II, JNCH, imposing a fine/penalty of ₹16,00,00,000/- (Rupees Sixteen Crore) for mis-classification of an Active Pharmaceutical Ingredients (API). The Company is confident of the merits of its case and is taking necessary steps to challenge the order.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment4/10
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Full Announcement
In terms of provisions of Regulation 30 (read with Part A of Schedule III) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ( Listing Regulations ), we wish to inform you that the Company is in receipt of an Adjudication Order passed by the Commissioner of Customs, Nhava Sheva-II, JNCH.
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WOCKPHARMA_25082026192621_Reg30COC25082026signed.pdf
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Ref. No.: WOCK/SEC/SE/2026-27/036 25th August, 2026
BSE Limited National Stock Exchange of India Limited
Corporate Relations Department Exchange Plaza
P J Towers Bandra Kurla Complex
Dalal Street Bandra (E)
Mumbai - 400 001 Mumbai - 400 051
Scrip Code: 532300 NSE Symbol: WOCKPHARMA
Dear Sir/ Madam,
Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015
In terms of provisions of Regulation 30 (read with Part A of Schedule III) and other applicable
provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“Listing
Regulations”), we wish to inform you that the Company is in receipt of an Adjudication Order passed
by the Commissioner of Customs, Nhava Sheva-II, JNCH. Except for monetary fine/ penalty, the
Order has no material impact on the financials, operations or other activities of the Company. The
Company is confident of the merits of its case and, accordingly, is taking necessary steps to
challenge the said order by way of an appeal before the appropriate authority.
The details required under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are enclosed herewith as Annexure I.
This intimation will also be available on the Company’s Website at www.wockhardt.com.
Kindly take the same on record please.
Thanking you,
For Wockhardt Limited
Rashmi Mamtura
Company Secretary
Encls: A/a
Annexure I
The details required to be furnished pursuant to Regulation 30 of the Listing Regulations read with the
SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
Sr. No. Particulars Details
1 Name of the Authority Commissioner of Customs, NS-II, Centralized
Adjudication Cell, Jawaharlal Nehru Custom House,
Nhava Sheva, Dist. – Raigad, Maharashtra – 400707
2 Nature and details of the action(s) Commissioner of Customs imposed the following fine/
taken, initiated or order(s) passed penalties on the Company:
(i) Penalty of ₹5,00,00,000/- (Rupees Five Crore)
under Section 114 (iii) of the Customs Act, 1962.
(ii) Redemption Fine of ₹10,00,00,000/- (Rupees
Ten Crore) in lieu of confiscation of goods (API)
mis-declared by the Company, under section 125
(1) of the Customs Act, 1962.
Further, a penalty of ₹1,00,00,000/- (Rupees One
Crore) is levied on on Dr. Aravind Y Merwade, an
officer of the Company under Section 114 (iii) of the
Customs Act, 1962 in connection with alleged mis-
classification.
3 Date of receipt of direction or order, 21st August, 2026
including any ad-interim or interim
orders, or any other communication
from the authority
4 Details of the violation (s)/ The above mentioned fine/ penalty is levied in terms
contravention(s) committed or of 114(iii) read with section 125(1) of the Customs Act,
alleged to be committed 1962 and relates to mis-classification of an Active
Pharmaceutical Ingredients (API), exported by the
Company. The Company is confident of the merits of
its case and, accordingly, is taking necessary steps to
challenge the said order by way of an appeal before
the appropriate authority.
5 Impact on financial, operation or Except for monetary fine/ penalty, the said order
other activities of the listed entity, would not have any impact on the financials,
quantifiable in monetary terms to operations or other activities of the Company.
the extent possible
6 Reason of delay The delay in submission was due to an inadvertent
administrative oversight, and the disclosure is being
made upon realisation of the omission.