J.B. Chemicals and Pharmaceuticals Limited has received a tax demand order of ₹37.00 lakhs from Tamil Nadu tax authorities, the company disclosed in a regulatory filing. The pharmaceutical company made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Demand Details

The order has been issued by the Commercial Tax Officer, Tamil Nadu, concerning alleged violations during the financial year 2018-19. The tax demand specifically relates to disallowance and mismatch of Input Tax Credit (ITC) claimed by the company during that period.

Company's Response

J.B. Chemicals and Pharmaceuticals has expressed confidence in its position regarding the tax demand. The company plans to file an appeal against the order issued by the Tamil Nadu tax authorities.

Impact Assessment

According to the company's assessment, there will be no impact on its financial, operational, or other business activities due to this tax demand order. This suggests that the company views the demand as contestable and expects a favorable outcome through the appellate process.

Regulatory Compliance

The disclosure was made in compliance with SEBI's regulatory requirements. The company has fulfilled its obligation to inform stock exchanges and investors about material developments that could potentially affect its operations.

The pharmaceutical company's proactive disclosure demonstrates its commitment to maintaining transparency with stakeholders regarding regulatory matters.

J B Chemicals and Pharmaceuticals Limited has announced its latest Environmental, Social and Governance (ESG) score from the Dow Jones Sustainability Index (DJSI), achieving a notable score of 86. This achievement positions the pharmaceutical company among the leading players in India's pharmaceutical sector and ranks it among global leaders in the DRG Pharmaceuticals sector according to DJSI and S&P Global.

DJSI ESG Performance

The company's performance in the sustainability assessment reflects its commitment to corporate responsibility and ESG excellence. The following table summarizes the key aspects of the DJSI evaluation:

Comprehensive Sustainability Assessment

The DJSI ranking represents a premier globally recognized benchmark for corporate sustainability. The evaluation process involves rigorous assessment covering Environmental, Social and Governance criteria through industry-specific questionnaires. The assessment framework evaluates an average of 23 sustainability topics through 150 questions and indicators, examining approximately 13,000 companies worldwide every year.

Sustainability Initiatives Implementation

Over the past year, J.B. Chemicals has implemented several impactful sustainability initiatives that contributed to this strong ESG performance:

• Renewable energy adoption programs
• Rainwater harvesting project implementation
• Waste reduction programs across operations
• Enhanced governance measures
• Community development projects

These comprehensive efforts have contributed to a positive environmental and social footprint while strengthening the company's position as a leader in sustainable growth.

Strategic ESG Integration

The company's DJSI score reflects its continuous efforts to integrate sustainable practices into core business operations. This achievement underscores J.B. Chemicals' steadfast commitment to sustainability, corporate responsibility, and environmental, social governance excellence. The strong performance in the globally recognized sustainability index demonstrates the company's dedication to maintaining high standards across all ESG parameters while pursuing business growth objectives.