Suven Life Sciences Receives ₹22.32 Lakh Tax Demand Notice

Suven Life Sciences Ltd has received a tax demand notice of ₹22.32 lakh (2.232 million rupees) from the Income Tax Department for the assessment year 2020-21. The company disclosed this information in a regulatory filing dated February 26, 2025. The notice was issued by the Additional Director of Income Tax (International Taxation)-2, Hyderabad. This development comes amid Suven's recent financial performance, with the company reporting a net loss of ₹39.12 crore in Q3 FY2024-25, though this represents a 6.32% improvement from the same period last year. Suven's share price closed at ₹124.05 on March 19, 2025, up 4.81% for the day.

Source: Compiled from BSE filings and company reports