25-Aug-2026 19:30:29

WOCKHARDT: ADJUDICATION ORDER IMPOSES RS 15 CRORE PENALTIES

• Company received an Adjudication Order from the Commissioner of Customs, Nhava Sheva-II, JNCH. • The order imposes a penalty of ₹5 Crore, a redemption fine of ₹10 Crore, and a further penalty of ₹1 Crore on an officer. • The penalties relate to the mis-classification of an Active Pharmaceutical Ingredient (API) exported by the company. • Except for monetary fines, the order has no material impact on the company's financials, operations, or other activities. • The company is confident of its case and is taking steps to challenge the order via appeal. • The intimation was delayed due to an inadvertent administrative oversight.

Wockhardt Limited

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