Alembic Pharmaceuticals Limited has received an Order from Commissioners of Customs (App appeals), Mumbai Zone-III, imposing penalty under applicable Provisions of the Customs Act, 1962 and as mentioned in the Annexure - A, the Company intends to contest the matter with Appellate Authority. Penalty of INR 3,013,470. Order dated March 6, 2024 received on March 18, 2024.