Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
As filed · Panacea Biotec Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RegulatoryWatchNotablemateriality 61 out of 100
What happened
FactPanacea Biotec Ltd has received three Demand Orders from the Office of the Assistant Commissioner of Income Tax, Central Circle 29, Delhi, imposing a penalty for alleged underreporting of income. The total demand amounts to approximately ₹9.38 Crore. The details of the demand are provided in an annexure accompanying the filing.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 2.3% of FY26 revenue
₹9.38 Cr stated in the filing against ₹413.49 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%