Pursuant to Regulation 30 read with clause no. 20 of Para A of Part A of Schedule III of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 (‘SEBI Circular’), Zydus Wellness has informed that Zydus Wellness Products (‘ZWPL’), a wholly owned subsidiary company, has received an Order in Form DRC-07 under section 73 of CGST Act, 2017 (‘the Act’) from The Assistant Commissioner Division II Ghaziabad, Uttar Pradesh alleging disallowance of input tax credit availed from suppliers who have not filed return in Form GSTR-3B for FY 2019-20 amounting to ? 0.25 million and imposed penalty of ? 0.02 million. The details required to be disclosed under Regulation 30 read with clause no. 20 of Para A of Part A of Schedule III of Listing Regulations and SEBI circular are provided in Annexure – ‘1’.
The above information is a part of company’s filings submitted to BSE.