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.

Analysis Scores

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.