India's Unichem Labs falls after appeal against tax demand rejected
21/09/2026 06:00
BUZZ-India's Unichem Labs falls after appeal against tax demand rejected ** Shares of India's Unichem Laboratories UNLB.NS fall 2.51% to 532 rupees
** Company says tax authority rejects its appeal in a case involving a penalty of 870.7 million rupees ($9.09 million) and interest liability of 65.9 million rupees
** Case relates to alleged delayed payment of tax on supplies, resulting in non-payment of interest liability
** Unichem says it will take appropriate remedial steps, including filing a further appeal against the order
** Adds order will have no material impact on Unichem's financials or operations
** YTD, stock up 20.39%
($1 = 95.7900 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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