Alkem Laboratories Limited (ALKEM) — Announcement | 1 July 2026

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📢 Key Event
Favorable tax appeal orders eliminate Rs. 660.77 crores in tax liability

🔄 What Changed
Removal of tax disallowances for AYs 2018-19 to 2022-23

Alkem Laboratories disclosed favorable tax appeal orders from the Commissioner of Income Tax (Appeals) for assessment years 2018-19 to 2022-23, deleting disallowances under Section 80-IE that had previously added Rs. 660.77 crores in tax liability. The orders, received on June 30, 2026, remove penalties related to deductions claimed for R&D expenditures. No material financial impact is expected, and the company confirmed the ruling aligns with prior tax positions. This resolves long-standing tax disputes and eliminates a potential cash outflow, improving earnings visibility and reducing uncertainty around past liabilities.

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About Alkem Laboratories Limited (ALKEM)

Healthcare · Pharmaceuticals & Biotechnology · Listed on NSE

Market Cap: ₹65,593.36 Cr P/E: 27.7 ROE: 19.8% ROCE: 22.1%

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