Alkem Laboratories wins tax appeal for ₹660.77 crore

1 min read     Updated on 02 Jul 2026, 03:54 AM
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AI Summary

Alkem Laboratories received favourable Orders-in-Appeal from the Commissioner of Income Tax, Appeal – 47, Mumbai for AYs 2018-19 to 2022-23. The orders deleted disallowances under Section 80-IE involving ₹660.77 Crores. The company stated there is no material impact on its financial or operational activities.

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Alkem Laboratories has received favourable Orders-in-Appeal from the Commissioner of Income Tax, Appeal – 47, Mumbai (CIT(A)) for Assessment Years (AYs) 2018-19 to 2022-23. The orders, received on 30th June, 2026, pertain to the deletion of disallowances made under Section 80-IE of the Income-tax Act, 1961, involving a tax amount of ₹660.77 Crores. The company confirmed that there is no material impact on its financial, operational, or other activities.

Background of the Tax Dispute

The dispute originated when the Assessing Officer disallowed part of the deduction claimed under Section 80-IE of the Income-tax Act, 1961, in re-assessment orders passed under Section 143(3)/144 read with Section 147 of the Act for AYs 2018-19 to 2022-23. Alkem Laboratories subsequently filed appeals before the CIT(A), which have now been decided in the company's favour. The CIT(A) has passed orders deleting the said disallowances across all five assessment years in question.

Key Details of the Orders-in-Appeal

The following table summarises the key details of the favourable orders as disclosed by the company:

Parameter Details
Authority Commissioner of Income Tax, Appeal – 47, Mumbai (CIT(A))
Assessment Years AYs 2018-19 to 2022-23
Nature of Order Deletion of disallowances made under Section 80-IE of the Income-tax Act, 1961
Tax Amount Involved ₹660.77 Crores
Date of Receipt of Orders 30th June, 2026
Impact on Company No material impact on financial, operational, or other activities

Company's Disclosure and Compliance

Alkem Laboratories confirmed that the orders have no material impact on the financial, operational, or other activities of the company. The disclosure was made in compliance with Clause 20 of Para A of Part A of Schedule III of the SEBI Listing Regulations. The information has also been made available on the company's official website at www.alkemlabs.com . The disclosure was signed by Manish Narang, President – Legal, Company Secretary & Compliance Officer, on 1st July, 2026.

Historical Stock Returns for Alkem Laboratories

1 Day5 Days1 Month6 Months1 Year5 Years
+1.13%+2.53%+6.17%-0.54%+14.11%+74.13%

Will the Income Tax Department challenge the CIT(A) order before the Income Tax Appellate Tribunal (ITAT)?

How will the refund of ₹660.77 Crores be utilized to strengthen Alkem's balance sheet or fund R&D?

Does this favorable ruling set a precedent for resolving other pending tax disputes for the company?

Alkem Laboratories Ltd to host analyst meet on July 3

0 min read     Updated on 30 Jun 2026, 05:03 AM
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AI Summary

Alkem Laboratories Ltd will conduct a virtual analyst and institutional investor meeting with TA Associates on July 3, 2026. The meeting is scheduled in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The schedule remains subject to change due to exigencies on the part of the investor or the company.

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Alkem Laboratories Ltd has scheduled a virtual analyst and institutional investor meeting with TA Associates for July 3, 2026. The meeting is intended to discuss the company's performance and strategy, adhering to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The interaction will provide TA Associates, an institutional investor, with direct access to the company's management. This engagement is part of Alkem's routine investor relations activities to keep stakeholders informed about its operational and financial progress.

Meeting Details

The specific details of the scheduled meeting are outlined below:

Date Analyst / Investor Type of Meeting
03 July, 2026 TA Associates Virtual

The company has noted that the schedule for the aforementioned meeting is subject to change due to exigencies on the part of the investor or the company. Any modifications to the plan will be communicated through the appropriate regulatory channels.

Manish Narang, President – Legal, Company Secretary & Compliance Officer at Alkem Laboratories Ltd , signed the intimation regarding this schedule on June 29, 2026.

Historical Stock Returns for Alkem Laboratories

1 Day5 Days1 Month6 Months1 Year5 Years
+1.13%+2.53%+6.17%-0.54%+14.11%+74.13%

What strategic initiatives is Alkem Laboratories likely to prioritize in its discussion with TA Associates?

How might this engagement influence TA Associates' investment stance on Alkem Laboratories?

Could this meeting signal potential collaborations or partnerships between Alkem and TA Associates?

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