Syngene International Secures Court Relief, Rs 48.9 Cr Income Tax Refund Ordered
The High Court of Karnataka has ruled in favour of Syngene and directed the Income Tax Authorities to refund the said amount along with applicable interest, subject to verification.
Bengaluru: The High Court of Karnataka has allowed the writ petition filed by Syngene International Limited in relation to its income tax dispute concerning Assessment Years 2010-11, 2011-12 and 2012-13.
The company received the court’s order on December 30, 2025, pursuant to an order dated December 17, 2025, providing major relief to the company in the long-standing matter.
In a disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Syngene International stated that it had approached the High Court against the adjustment of income tax refunds already granted for AY 2010–11 and AY 2011–12 against outstanding tax demands of other years, and the non-issuance of refund for AY 2012–13. The total refund amount involved in the case aggregates to Rs 48,90,84,008.
The High Court of Karnataka has ruled in favour of Syngene and directed the Income Tax Authorities to refund the said amount along with applicable interest, subject to verification. The company clarified that it believes the order will not have any material impact on its financials, operations, or overall business activities.
Syngene further disclosed that the court order dated December 17, 2025, did not identify any aberrations or non-compliances on the part of the company. It also confirmed that no penalty, restriction, or sanction has been imposed pursuant to the said order.
Following receipt of the order, the company stated that it is in the process of analysing the judgment and will take appropriate action as required in accordance with the directions of the court. The matter does not involve any litigation against the company’s key managerial personnel, promoters, or persons in control.
The company also informed that the details of the order will be made available on its official website for stakeholders.
Syngene International Limited operates from its facilities at Biocon SEZ, Bommasandra Industrial Area, Bengaluru, and reiterated that there has been no settlement of proceedings in the matter and no other relevant information to be disclosed at this stage.
