Lupin Limited announced that on February 25, 2026, the Goods & Service Tax Department of Maharashtra initiated Inspection and Search proceedings at its registered office. The action was initiated at 11:50 a.m. (IST), seeking documents related to GST payment and input tax credit claims. Lupin confirmed it is fully cooperating with the authorities. Crucially, the company stated that this initiation has no quantifiable impact on its financials or operations.
Tax Authority Initiates Inspection Proceedings
Lupin Limited has formally notified stock exchanges regarding the commencement of proceedings by a tax authority. On February 25, 2026, the Assistant Commissioner of State Tax, Maharashtra, initiated an Inspection and Search action at the company’s registered office.
This action, which commenced at 11:50 a.m. (IST), was undertaken under Section 67 of the Maharashtra Goods & Service Tax Act, 2017. The authority is seeking to inspect and search documents pertaining to the company’s historical records concerning payment of GST and the claim of input tax credit.
Company Response and Impact Assessment
Lupin Limited confirmed that it is actively extending its full cooperation to the officials involved, providing all necessary information and documentation requested. The company has detailed the specifics of this event in an annexed statement as required by listing regulations.
Importantly, the management has assessed the potential fallout. The initiation of this Inspection and Search does not have any foreseeable impact on the Company’s financials, its ongoing operations, or other core business activities. Furthermore, there are no quantifiable monetary implications currently associated with these proceedings.
Source: BSE
