GSK Pharma Receives Rs. 3.79 Crore GST Demand Notice from MP Authorities:

GSK Pharma Receives Rs. 3.79 Crore GST Demand Notice from MP Authorities GlaxoSmithKline Pharmaceuticals Limited, a research-based pharmaceutical and healthcare company, recently disclosed to BSE Ltd and NSE Ltd regarding the receipt of a demand order on January 21, 2026, from Madhya Pradesh GST authorities. The company made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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The tax department (Deputy Commissioner of CGST & Central Excise, Division-III, Indore) has issued a demand notice to the company for a total amount of Rs. 37,925,656. This amount includes Rs. 1,89,62,828 towards tax, an equal amount of Rs. 1,89,62,828 as a penalty, and interest (which has not yet been calculated). The demand relates to certain issues concerning input tax credit for the financial years 2019-20, 2020-21, and 2022-23. The company further clarified that this matter does not affect its financial operations. It is currently reviewing the order and will take appropriate actions.