SYNGENE - Syngene Intl.

Biocon Limited, the promoter of Syngene International, has filed a formal declaration under SEBI Takeover Regulations confirming that no shares were pledged or encumbered during the financial year ending March 31, 2026. This annual disclosure ensures transparency regarding the promoter's stake and confirms that the holding is free from any debt-related liens. The declaration covers all entities within the promoter group and persons acting in concert (PAC). For investors, this signifies financial stability at the promoter level and reduces risks associated with margin calls or forced liquidations.

• Declaration filed under Regulation 31(4) of SEBI (SAST) Regulations, 2011.
• Promoter Biocon Limited confirms zero encumbrance on Syngene shares for FY 2025-26.
• The disclosure covers the status as of the financial year end, March 31, 2026.
• Confirms that no direct or indirect pledges were made by the promoter group or PAC during the year.

Syngene International has received a favorable tax order for Assessment Year 2016-17, resulting in a sanctioned refund of ₹43.16 crore including interest. This follows a successful Writ Petition in the Karnataka High Court and a partial appeal win at the National Faceless Appeal Centre (NFAC). The order addresses a previous tax demand of ₹72.34 crore and the wrongful adjustment of refunds from earlier years. While the cash is yet to be received, the development will lead to a reduction in the company's contingent liabilities.

• Assessing Officer granted a refund of ₹43.16 crore, including interest, for AY 2016-17.
• The order follows a Karnataka High Court ruling favoring the company regarding ₹48.91 crore in previously adjusted refunds.
• The original tax demand for AY 2016-17 stood at ₹72.34 crore prior to these successful appeals.
• The company expects a notable decrease in contingent liabilities related to this specific assessment year.
• The refund amount is currently pending receipt but has been officially processed by the tax authorities.

Syngene International has received a favorable order from the National Faceless Assessment Centre regarding Assessment Year 2018-19. The authority has dropped penalty proceedings that were originally initiated in March 2023 following a disallowance of expenses worth Rs 2.78 crore. This follows a previous appellate order where the company was granted relief on the full disallowed amount. The company confirms there will be no material financial impact on its operations or activities due to this development.

• National Faceless Assessment Centre dropped penalty proceedings for AY 2018-19.
• The proceedings were related to a previous disallowance of expenses totaling Rs 2,78,45,669.
• The company had already secured relief for the full amount of Rs 2.78 crore in September 2025.
• The current order confirms no penalty, restrictions, or sanctions will be imposed on the company.

Syngene International has received favorable orders from the National Faceless Appeal Centre (NFAC) regarding tax appeals for the assessment years 2015-16, 2018-19, and 2021-22. The NFAC has partially allowed relief to the company against previous tax additions and disallowances. Consequently, the company expects a reduction in its contingent liabilities and is likely eligible for tax refunds. No penalties or sanctions have been imposed, and the company does not foresee any material negative impact on its operations.

• NFAC passed orders for AY 2015-16, 2018-19, and 2021-22, partially allowing the company's appeals against previous tax disallowances.
• The company expects a reduction in contingent liabilities and eligibility for tax refunds following these orders.
• No penalties, restrictions, or sanctions were imposed by the authority in the orders received in February 2026.
• The Assessing Officer will now pass a consequential order to give effect to the NFAC's decision.

Syngene International has received orders from the National Faceless Appeal Centre (NFAC) regarding tax disputes for three assessment years: 2013-14, 2014-15, and 2017-18. The NFAC has partially allowed the company's appeals against previous tax additions and disallowances made by the Assessing Officer. Consequently, the company expects a reduction in its contingent liabilities and is now eligible for a tax refund. While the exact monetary impact is yet to be quantified by the Assessing Officer, the management does not expect any material negative impact on financials.

• NFAC passed orders on February 13, 2026, partially allowing appeals for AY 2013-14, 2014-15, and 2017-18.
• The company expects a reduction in contingent liabilities following the favorable ruling.
• Syngene is now eligible for a tax refund once the Assessing Officer passes the final order giving effect to the NFAC ruling.
• No penalties, restrictions, or sanctions were imposed in the current orders.

Syngene International has received orders from the National Faceless Appeal Centre (NFAC) regarding tax appeals for Assessment Years 2013-14, 2014-15, and 2017-18. The NFAC has partially allowed the company's appeals against previous tax additions and disallowances made by the Assessing Officer. This outcome is expected to result in a reduction of the company's contingent liabilities and eligibility for tax refunds. While the company states there is no material impact on current financials, the resolution of these long-standing disputes provides better financial clarity.

• NFAC orders dated February 13, 2026, provide partial relief for AY 2013-14, 2014-15, and 2017-18
• Company expects a reduction in contingent liabilities and is now eligible for tax refunds
• The Assessing Officer is required to pass a final order to give effect to the NFAC's decision
• No penalties, restrictions, or sanctions were imposed on the company in these proceedings