Alkem Laboratories Limited informed that the Company has received an order passed by statutory authority under the Goods and Services Tax Act, 2017. Name of Authority is State Tax Officer, Ghatak 55(Bharuch): Range - 14: Division - 6: Gujarat. Nature and details of the action(s) taken, initiated or order(s) passed is the Company has received a demand order for financial year 2018-2019 levying a penalty of INR 35,099/- under provisions of the CGST/SGST Act, 2017.

The penalty has been levied mainly on account of disallowance of GST Input Tax Credit due to non-filing of returns by the vendor. Order was received on 15 April, 2024. The penalty has been levied mainly on account of disallowance of GST Input Tax Credit due to non-filing of returns by the vendor.