NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company5d ago · 31 Aug 2026, 09:07 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Sanofi India Limited · SANOFI
✦ AI SummaryLitigation
Sanofi India Limited has received a Show Cause Notice from the Additional Commissioner of CGST and CX, Mumbai East, alleging misclassification of certain products at a concessional rate of 5% instead of 12% for the financial year 2020-21, resulting in a proposed tax liability of Rs. 36,38,70,979 and a proposed penalty of Rs. 36,38,70,979. 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 Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
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 Authorities
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31st August 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, is in receipt of a Show Cause Notice dated 28th August 2026,
issued under Section 74 of the Central Goods & Service Tax Act (“CGST”) Act, 2017
downloaded on 31st August 2026 from GST Portal. The Additional Commissioner of
CGST and CX, Mumbai East, alleged that the Company has misclassified certain
products at concessional rate of 5% as against 12% for the financial year 2020-21.
The GST official has proposed to determine Tax liability at Rs. 36,38,70,979 and
proposed to levy penalty of Rs. 36,38,70,979, for such misclassification.
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 received Show Cause Notice dated
received 28th August 2026 issued under Section 74 of the
CGST Act, 2017, on account of allegation that the
Company has done misclassification of certain
products at 5% as against 12% for the financial
year 2020-21
2. Date of receipt of 31st August 2026
communication
3. Name of the Authority Additional Commissioner of CGST and CX,
Mumbai East
4. Brief details of dispute / Show Cause Notice alleging Tax liability at
litigation viz. name(s) of Rs. 36,38,70,979 and proposed to levy penalty of
the opposing party, court/ Rs. 36,38,70,979, on account of allegation that
tribunal/agency where the Company has misclassified certain products
litigation is filed, brief at 5% as against 12% for the financial year 2020-
details of 21
dispute/litigation;
5. Expected financial The Company, in consultation with its consultant
implications, if any, due to / tax advisors, is examining the Show Cause
compensation, penalty Notice as received and shall take appropriate
etc.; 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