Alkem Laboratories has received an order imposing a penalty of ₹2,16,263 under the IGST Act, 2017. The order, related to alleged discrepancies in documentation, was received on October 31, 2025. Alkem Laboratories disagrees with the order and intends to contest it. The company believes the penalty will not have a material impact on its financial or operational activities.
Penalty Under IGST Act
Alkem Laboratories has received an order from the Assistant Commissioner, Sector 4 (Mobile Squad-7), Agra, Uttar Pradesh, imposing a penalty.
Financial Impact and Company Response
The order imposes a penalty of ₹2,16,263 under the applicable provisions of the IGST Act, 2017.
The penalty relates to the consignment of goods being detained due to alleged technical discrepancies in the accompanying documents. The order was received on October 31, 2025.
Alkem Laboratories does not agree with the demand order and will contest it. The company also stated that there is no material impact on the financial, operation, or other activities of the company as a result of this order.
Source: BSE
