Syngene Receives Income Tax Order, Granted Refund of ₹8.62 Cr

Syngene International Ltd has received an order dated May 14, 2026, from the Deputy Commissioner of Income-tax, giving effect to an order passed by the National Faceless Appeal Centre (NFAC) for Assessment Year 2014-15. The order follows an appeal filed by the company against an initial demand of ₹16,72,20,900, which was later increased to ₹33,69,27,800. The NFAC partly allowed the appeal, and the subsequent order grants a refund of ₹8,62,14,600, including interest. The company is analyzing the order and expects no material financial impact, with a decrease in contingent liability. The refund amount is yet to be received.