29-Sept-2026 17:59:16

PANACEA BIOTEC LTD : TAX PENALTY OF RS 4.32 CR IMPOSED BY INCOME TAX DEPT; COMPANY TO APPEAL

• The company received two Demand Orders dated September 28, 2026, from the Assistant Commissioner of Income Tax, Delhi. • The orders impose a penalty of approximately ₹4.32 Crore on account of alleged misreporting/under-reporting of income. • The demand is for Assessment Years 2022-23 and 2023-24. • The company believes the demand is not maintainable and is filing an appeal. • The company does not expect any significant impact on its financial or operational activities.

Panacea Biotec Limited

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