Syngene International Limited informed that the company has submitted an appeal (through electronic mode) to the Commissioner of Income-tax (Appeals)-12, Bangalore, for Assessment Year (AY) 2017-18 and AY 2018-19 under the Income-tax Act, 1961. Name of the opposing party, court /tribunal /agency where litigation is filed: Commissioner of Income-tax (Appeals). Brief details of dispute/litigation: The Deputy Commissioner of Income Tax (International Taxation), Circle 2(1), Bangalore (Assessing Officer) has passed the order and treated certain payments made to non-residents as liable for deduction of tax at source for AY 2017-18 and AY 2018-19.

Quantum of claims: The Assessing Officer has raised demand of INR 69,693,389 and INR 11,897,317 for AY 2017-18 and AY 2018-19 respectively and the Company is contesting before the Commissioner of Income-tax (Appeals)-12, Bangalore of entire demand raised.