Date: 05th November 2026
Regulatory & Legal Disclosure
Tax Authority Order Details
Authority Information:
- Name: Commercial Tax Officer of State Tax, Tiruvallur, Tamil Nadu
- Order Date: 03rd November 2026 & 04th November 2026
- Date of Receipt: 04th November 2026 at 06:10 pm
Nature of Order:
- Order passed under Section 74 of the Goods and Service Act, 2017
- Penalty imposed: ₹3,12,32,860/- (aggregated for 4 years)
Details of Violation:
- The demand pertains to GST matters relating to JB Chemicals and Pharmaceuticals Limited ("JB Chemicals")
- Period covered: Financial Years 2020-21 to 2023-24
- Important note: This period is prior to Torrent Pharmaceuticals' acquisition of JB Chemicals
Company Assessment and Impact:
- Based on company assessment, an appeal will be filed against the order
- The company is hopeful of favorable outcome at the appellate level
- The company does not reasonably expect the said Order to have any material financial impact
Regulatory Context:
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Addressed to BSE Limited and National Stock Exchange of India Ltd.
- CHINTAN M. TRIVEDI, COMPANY SECRETARY
- Digitally signed on 05th November 2026 at 17:30:26
Not Specified: Financial Results, Dividend Declaration, KMP/Board Changes, Board Meeting Outcomes, Auditor's Report, Disinvestment/Strategic Actions, Media Release/Investor Communication