NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company7 Jul 2026 · 7 Jul 2026, 05:31 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Syngene International Limited · SYNGENE
✦ AI SummaryLitigation
Syngene International Limited has informed the Exchange about the receipt of an order dated May 14, 2026, giving effect to the order passed by the National Faceless Appeal Centre (NFAC) for Assessment Year (AY) 2014-15. The order partly allowed the appeal and granted a refund of Rs. 8,62,14,600/- (including interest). The Company believes there may not be material impact on its financials, operations, or activities.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Syngene International Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Attachments (1)
📄pdf
Download →
SYNGENE2_07072026173035_SEIntimation07072026.pdf
View document text
Ref: Syn/CS/SE/Reg 30/2026-27/Jul/07 Syngene International Limited
Biocon SEZ, Biocon Park, Plot No. 2 &
3, Bommasandra Industrial Area, IV
Phase, Jigani Link Road, Bengaluru
560 099, Karnataka, India
T +91 80 6891 9191
CIN: L85110KA1993PLC014937
July 07, 2026 www.syngeneintl.com
To, To,
The Manager, The Manager,
BSE Limited National Stock Exchange of India Limited
Corporate Relationship Department Corporate Communication Department
Dalal Street, Mumbai – 400 001 Bandra (EAST), Mumbai – 400 051
Scrip Code: 539268 Scrip Symbol: SYNGENE
Dear Sir/Madam,
Subject: Intimation of an update on the tax litigations.
In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (‘SEBI Listing Regulations’), we hereby inform you that the Company has received
an order dated May 14, 2026 giving effect to the order passed by the National Faceless Appeal Centre
(“NFAC”) for Assessment Year (“AY”) 2014-15 (downloaded from the income tax website based on
SMS received on July 6, 2026).
The details as required under Regulation 30 read with Schedule III of the SEBI Listing Regulations, SEBI
Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 and the Industry
Standards Note on Regulation 30 of SEBI Listing Regulations dated February 25, 2025 are enclosed in
Form A.
In respect of the captioned matter, I the undersigned, state and declare that the information and
details provided in Form A, in compliance with Regulation 30 (13) of SEBI Listing Regulations, is true,
correct and complete to the best of my knowledge and belief.
The above information will also be available on the Company’s website at: www.syngeneintl.com.
Kindly take this intimation on record.
Thanking You,
Yours faithfully,
For SYNGENE INTERNATIONAL LIMITED
Chethan Yogesh
Company Secretary & Compliance Officer
Encl: As above
Form A
Disclosure regarding receipt of communication from regulatory, statutory, enforcement or judicial
authority under the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Sl. Particulars Details
1 Name of the listed entity Syngene International Limited
2 Type of communication received Order dated May 14, 2026 giving effect to the order
passed by the NFAC.
3 Date of receipt of communication July 6, 2026
4 Authority from whom The Deputy Commissioner of Income-tax, Circle 6(1)(1),
communication received Bangalore (“Assessing Officer”)
5 Brief summary of the material a) The Assessing Officer had passed an order under
contents of the communication Section 143(3) of the Act dated December 23, 2016
received, including reasons for making disallowance of deduction claimed and
receipt of the communication raised demand of Rs. 16,72,20,900/-. The Company
had filed an appeal on January 24, 2017 against
disallowance made in the above order.
Subsequently, the Assessing Officer has passed
order under section 154 of the Act dated March 8,
2017 and increased the demand to Rs.
33,69,27,800/-.
b) Pursuant to appeal filed, the NFAC has passed an
order under section 250 of the Act dated February
13, 2026 and partly allowed the appeal and the
same was intimated vide intimation no.
Syn/CS/SE/Reg30/2025-26/Feb/03dated February
14, 2026.
The Assessing Officer has passed an order dated
May 14, 2026 giving effect to above order and
granted refund of Rs. 8,62,14,600/- (including
interest) and the said order is downloaded from
the income tax website based on SMS received on
July 6, 2026. The refund amount is yet to be
received by the Company.
6 Period for which communication Assessment Year 2014-15
would be applicable, if stated
7 Expected financial implications on The Company believes there may not be material
the listed company, if any impact on the company's financials, operations or
activities. There will be a decrease in contingent liability
in relation to AY 2014-15.
8 Details of any aberrations/non- Nil
compliances identified by the
authority in the communication
9 Details of any penalty or restriction No penalty / restrictions / sanction imposed in present
or sanction imposed pursuant to order.
the communication
Sl. Particulars Details
10 Action(s) taken by listed company The Company is in the process of analysing the order
with respect to the communication passed and will take appropriate action, if any.
11 The details of any change in the Please refer point no. 5.
status and / or any development in
relation to such proceeding
12 In the case of litigation against key Not applicable.
management personnel or its
promoter or ultimate person in
control, regularly provide details
of any change in the status and /
or any development in relation to
such proceedings
13 In the event of settlement of the Not applicable.
proceedings, details of such
settlement including -terms of the
settlement, compensation/penalty
paid (if any) and impact of such
settlement on the financial
position of the listed entity.
14 Any other relevant information Nil