Alkem Laboratories Faces Tax Demand and Penalty

Alkem Laboratories Ltd has disclosed a tax demand amounting to 38.3 million rupees and a related penalty of 3.8 million rupees. The company indicated it will review the assessment order, engage with relevant authorities, and take necessary legal steps while ensuring continuity in its business operations and compliance posture.

Alkem emphasized that the demand and penalty are part of the assessment process and do not impact its immediate ability to serve markets or execute ongoing projects. The company plans to respond within statutory timelines and will provide updates as material developments occur.

Key highlights

• Assessment outcome: Demand of 38.3 million rupees and penalty of 3.8 million rupees notified.
• Company stance: Alkem will evaluate the order and pursue representations or appeals as permitted.
• Operational continuity: No disruption expected to core operations or customer commitments.
• Financial impact: Amounts are manageable relative to scale; outcome depends on proceedings.
• Next steps: Engagement with authorities and adherence to statutory timelines for response.

Sources: Company exchange filing, BSE corporate announcement, NSE corporate announcement