Integrated Filing-Governance



General information about company

Scrip Code 500672
NSE Symbol NOVARTIND
MSEI Symbol NOTLISTED
ISIN INE234A01025
Name of the entity NOVARTIS INDIA LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity Please note that provisions of Schedule III of the SEBI (LODR) Regulations, 2015 w.r.t this line item are applicable to the Company. There are no instances of such acquisitions of Shares / Voting Rights made in Unlisted Companies in this Quarter and half year end. Hence, we have selected NO in this tab.
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity Please note that there are no instances of such comfort letters/ Securities/ Loans / Guarantees in this Quarter and financial year end. Hence, we have selected NO in this tab.
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 1000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID n00162
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. CHRISTOPHER DAVID SNOOK 00369790 Non-Executive - Non Independent Director Chairperson 02-Nov-1953 No Active NA 01-Aug-2008 1 0 2 1 Textual Information(1)
2 Ms. GIRA JAGDEESH SARDESAI 02610502 Non-Executive - Independent Director Not Applicable 26-Jun-1959 No Active NA 31-Mar-2024 24.01 2 2 2 2
3 Mr. SANKER PARAMESWARAN 00008187 Non-Executive - Independent Director Not Applicable 28-Feb-1960 No Active NA 21-Jun-2025 22-Jun-2020 21-Jun-2025 69.1 2 2 4 1
4 Ms. SANDRA MARTYRES 00798406 Non-Executive - Independent Director Not Applicable 05-Oct-1952 No Active NA 24-Mar-2021 19-Apr-2016 19-Apr-2021 119.13 1 1 1 0
5 Ms. SHILPA SHASHANK JOSHI 09775615 Executive Director Not Applicable 09-Jul-1969 No Active NA 22-Nov-2022 1 0 1 0
6 Mr. FALIN ISHWARLAL MAJMUDAR 10681030 Executive Director Not Applicable 22-Dec-1968 No Active NA 28-Jun-2024 1 0 1 0



Text Block
Textual Information(1) Mr.Christopher Snook is a foreign national and thus does not hold a PAN



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 02610502 GIRA JAGDEESH SARDESAI Non-Executive - Independent Director Chairperson 01-Apr-2024
2 00369790 CHRISTOPHER DAVID SNOOK Non-Executive - Non Independent Director Member 22-May-2014
3 00798406 SANDRA MARTYRES Non-Executive - Independent Director Member 19-Apr-2016
4 00008187 SANKER PARAMESWARAN Non-Executive - Independent Director Member 22-Jun-2020



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00798406 SANDRA MARTYRES Non-Executive - Independent Director Chairperson 20-Jun-2020
2 00369790 CHRISTOPHER DAVID SNOOK Non-Executive - Non Independent Director Member 22-May-2014
3 02610502 GIRA JAGDEESH SARDESAI Non-Executive - Independent Director Member 01-Apr-2024



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00369790 CHRISTOPHER DAVID SNOOK Non-Executive - Non Independent Director Chairperson 22-May-2014
2 00008187 SANKER PARAMESWARAN Non-Executive - Independent Director Member 22-Jun-2020
3 09775615 SHILPA SHASHANK JOSHI Executive Director Member 22-Nov-2022
4 10681030 FALIN ISHWARLAL MAJMUDAR Executive Director Member 08-Oct-2024



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00008187 SANKER PARAMESWARAN ID Chairperson 17-Jun-2021
2 09775615 SHILPA SHASHANK JOSHI ED Member 19-May-2022
3 02610502 GIRA JAGDEESH SARDESAI ID Member 01-Apr-2024
4 10681030 FALIN ISHWARLAL MAJMUDAR ED Member 08-Oct-2024



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 28-Oct-2025 Yes 6 6 3
2 28-Jan-2026 91 Yes 6 6 3
3 19-Feb-2026 21 Yes 6 6 3
4 27-Mar-2026 35 Yes 6 6 3



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 28-Oct-2025 Yes 4 4 3 0
2 Audit Committee 28-Jan-2026 91 Yes 4 4 3 0
3 Nomination and remuneration committee 28-Oct-2025 Yes 3 3 2 0
4 Nomination and remuneration committee 27-Mar-2026 149 Yes 3 3 2 0
5 Stakeholders Relationship Committee 28-Oct-2025 Yes 4 4 1 0
6 Stakeholders Relationship Committee 28-Jan-2026 91 Yes 4 4 1 0
7 Risk Management Committee 28-Oct-2025 Yes 4 4 2 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory Ms. Chandni Maru
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://www.novartis.com/in-en/about
1.2 Memorandum of Association and Articles of Association Yes https://www.novartis.com/in-en/investors-corporate-governance/charter-documents
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.novartis.com/in-en/about/board-directors-novartis-india-limited
2 Terms and conditions of appointment of independent directors Yes https://www.novartis.com/in-en/about/board-directors-novartis-india-limited
3 Composition of various committees of board of directors Yes https://www.novartis.com/in-en/about/board-directors-novartis-india-limited
4 Code of conduct of board of directors and senior management personnel Yes https://www.novartis.com/in-en/investors/novartis-india-corporate-policies
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.novartis.com/in-en/investors/novartis-india-corporate-policies
6 Criteria of making payments to non-executive directors NA
7 Policy on dealing with related party transactions Yes https://www.novartis.com/in-en/sites/novartis_in/files/Policy%20for%20dealing%20with%20Related%20Party%20Transactions%20NIL.pdf
8 Policy for determining material subsidiaries NA
9 Details of familiarization programmes imparted to independent directors Yes https://www.novartis.com/in-en/investors/novartis-india-corporate-policies
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.novartis.com/in-en/investors-corporate-governance/novartis-india-investors-contact
11 Email address for grievance redressal and other relevant details Yes https://www.novartis.com/in-en/investors-corporate-governance/novartis-india-investors-contact
12 Financial results Yes https://www.novartis.com/in-en/investors/novartis-india-financials#tabquarterly-results-7681
13 Shareholding pattern Yes https://www.novartis.com/in-en/investors-corporate-governance/novartis-india-stock-exchange-disclosures
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet NA
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls NA
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.novartis.com/in-en/investors-corporate-governance/novartis-india-stock-exchange-disclosures
18 Credit rating or revision in credit rating obtained NA
19 Separate audited financial statements of each subsidiary of the listed entity NA
20 Secretarial compliance report Yes https://www.novartis.com/in-en/investors-corporate-governance/novartis-india-stock-exchange-disclosures
21 Materiality policy as per regulation 30 (4) Yes https://www.novartis.com/in-en/investors/novartis-india-corporate-policies
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://www.novartis.com/in-en/investors/novartis-india-corporate-policies
23 Disclosures under regulation 30(8) Yes https://www.novartis.com/in-en/investors-corporate-governance/novartis-india-stock-exchange-disclosures
24 Statements of deviation(s) or variations(s) as specified in regulation 32 NA
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://www.novartis.com/in-en/investors/novartis-india-corporate-policies
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.novartis.com/in-en/investors/novartis-india-financials
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://www.novartis.com/in-en/
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.novartis.com/in-en/
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) Yes
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) NA
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) NA
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) NA
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied NA
Any other information to be provided



Annexure II
1 Name of signatory Ms. Chandni Maru
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory Ms. Chandni Maru
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 27-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 1
No. of investor complaints received during the Quarter 4
No. of investor complaints disposed off during the Quarter 4
No. of investor complaints those remaining unresolved at the end of the Quarter 1


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 Assistant Commissioner of State Tax, Orissa Assessment Order 30-Dec-2024 Penalty u/s 125 of GST Act - Penalty Procedural lapses INR 50,000/-. The demand is paid and closed
2 Assistant Commissioner of CGST & Central Excise Order for Service Tax demand and penalty for the period October 01, 2014 to June 30, 2017 18-Feb-2025 Penalty raised u/s 78 of Finance Tax 1994 read with Rule 15 of Cenvat Credit Rules 2004 -Penalty for Non-Reversal of Common Input Tax Credit on sale of business on going concern basis. Tax Amount - INR 15,01,762 /- Penalty Amount - INR 15,03,762/-Order received from Commissioner Appeals-II CGST & CX, Mumbai dated 12.11.2025 received on 24.11.2025. The order is unfavourable and it has not considered our submission in correct perspective. As a wayforward, we will be filing further appeal in Appellate Tribunal to challenge the demand. Appeal filed before Appellate Tribunal to challenge the demand
3 Deputy Commissioner (Arrear Recovery) Office of Joint Commissioner, Tax Payer Services, Ernakulam Settlement Order. Order No. AM3209241375895 dt. 27-03-2025 for FY 2006-07 22-Apr-2025 There is no Penalty levied in this order. Tax demand is raised on the grounds of Pending Declaration Forms and Tax on PAP Free goods supplies Waiver/Relief in Disputed Demand of Rs 11,19,856 on payment/charge of Rs. 95,175
4 Deputy Commissioner (Arrear Recovery) Office of Joint Commissioner, Tax Payer Services, Ernakulam Settlement Order. Order No. AM3209242182504 dt. 27-03-2025 for FY 2007-08 22-Apr-2025 There is no Penalty levied in this order. Tax demand is raised on the grounds of Pending Declaration Forms Waiver/Relief in Demand of Rs 3,10,360 on payment/charge of Rs. 30,775
5 Deputy Commissioner (Arrear Recovery)Tax Payer Services, Ernakulam Settlement Order. No. CERT3204254110626 dt. 29-04-2025 for FY 2009-10 08-May-2025 There is no Penalty levied in this order. Tax demand is raised on the grounds of Pending Declaration Forms and enhancement of turnover due to return mismatches Waiver/Relief in Disputed Demand of Rs 8,55,353
6 Assistant Commissioner of State Tax Chattisgarh Goods and Services Tax Settlement Order. No. ZD220525020547N dt. 28-05-2025 for FY 2019-20 02-Jun-2025 Penalty u/s 73(9) of GST Act Rs. 44,197 - Penalty raised for disallowance of Credit Notes and difference between GSTR 1 vs GSTR 3B Tax comparison Waiver/Relief in Disputed Interest and Penalty of Rs 2,93,088 on payment of Tax Rs.3,20,239
7 Excise & Taxation Officer cum Designated Officer Chandigarh VAT Act 2005 Order No 400 dt. 20-11-2024 for FY 2017-18(Qtr1) 13-Jun-2025 Penalty u/s 60 of VAT Act Rs. 5,001 - General Penalty raised for contravention of provision under VAT Act Tax Demand Rs 1 Penalty Demand Rs 5001
8 Excise & Taxation Officer cum Designated Officer Section 9(2) of Central Sales Tax Act, 1956 read with Chandigarh VAT Act 2005 Order No. 400 dt. 20-11-2024 FY 2017-18 (Qtr1) 13-Jun-2025 Penalty u/s 9(2) r/w Section 53 of VAT Act Rs. 70,986- Penalty raised on pending declaration forms. Tax Demand Rs 76669 Interest Demand Rs 26834 Penalty Demand Rs 70986
9 Assistant Commissioner of Central Tax Uttar Pradesh Goods and Services Tax Settlement Order. No. ZD0906251422890 dt. 18-06-2025 for FY 2017-18 (July'17 to March'18) 23-Jun-2025 Penalty u/s 73(9) of GST Act Rs. 4,81,634 - Penalty raised for disallowance of Transitional Credit Waiver/Relief in Disputed Interest and Penalty of Rs 4,81,634 on payment of Tax Rs.4,37,849
10 Joint Commissioner of Central Tax (Appeals) Tamil Nadu Goods and Services Tax Act 2017 Order in Appal No. 276/2025 dt. 28.07.2025 for period FY 2017-18 to FY 2021-22 06-Aug-2025 Appeal order passed granting relief of Rs.1,08,68,330 and confirming demand on Input Tax Credit not matched with suppliers Details and Non Reversal of Input Tax Credit on Credit notes issued by Supplier. Penalty u/s 73(9) of GST Act levied Tax demand Rs. 3,36,075 Interest Rs. Not Quantified Penalty Rs. 33,607
11 Deputy Commissioner of State Taxes Maharashtra Goods and Services Tax Act 2017 Order No. ZD2712250089591 dt. 02.12.2025 for period FY 2021-22 02-Dec-2025 Penalty u/s 73(9) of GST Act Rs. 40,000 - Penalty raised for short payment of Liability under Reverse Charge based on details furnished by supplier and appearing in GSTR 2A of Novartis Tax demand Rs. 5,151 Interest Rs. 4,208 Penalty Rs. 40,000. Demand paid on 08-12-2025 and closed the case with Charge to P&L
12 AETO (Enforcement) Gurgaon Haryana Goods and Services Tax Act, 2017 Order Ref. No.070048 (GST MOV-02) dt. 19-02-2026 for Physical Verification of Conveyance, Goods and Documents 19-Feb-2026 Contravention of provision of Section 68 of CGST Act 2017 for Invalid E-waybill (without Part B details) carried by transporter leading to Detention of vehicle carrying stock of Novartis goods. Penalty Demand Rs.6,38,528. Penalty is borne by the third party vendor Logistics company due to mistake of not generating Part B of Ewaybill by them. However, since the stock of medicines were of Novartis, the order and compliance of payment of penalty is done by Novartis for release of goods
13 Deputy Commissioner of State Tax Uttar Pradesh Value Added Tax Act, 2008 Order No. 25906944400001 dt. 28-02-2026 for FY 2011-12 18-Mar-2026 Order passed u/s -28(2)(i)of VAT Act. Issue involved were Tax Demand on Enhancement in Turnover, Tax on free supply under Bonus Schemes, Disallowance of Sales Returns Tax Refund = Rs. 5,46,321 Interest - Rs Nil. Penalty - Rs Nil. Remand Assessment order received granting refund of Rs. 5,46,321. The Refund will be processed by the Tax Department based on this order. No further appeal is required to be filed
14 Deputy Commissioner of State Tax Petition filed to direct the respondents (Commissioner of Trade and Taxes, New Delhi) to complete the proceedings initiated for FY 2013-14 within the prescribed time 29-Mar-2026 There are violations / contraventions on part of company. The said order has been passed for admission of the petition filed by the company against aforesaid respondents to complete the proceedings initiated for FY 2013-14 within the prescribed time which will result into a refund of INR 54.45 Lacs In case of favorable order, Commissioner of Trade and Taxes needs to follow the guidelines and complete the proceeding within the prescribed timelines. In case of unfavorable order, there is no impact as the amount of pre-deposit is fully provided for in the books.Remand Assessment order received granting refund of Rs. 5,46,321. The Refund will be processed by the Tax Department based on this order. No further appeal is required to be filed


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 Assistant Commissioner of CGST & Central Excise 09-Apr-2025 Penalty raised u/s 78 of Finance Tax 1994 read with Rule 15 of Cenvat Credit Rules 2004 -Penalty for Non-Reversal of Common Input Tax Credit on sale of business on going concern basis. Order received from Commissioner Appeals-II CGST & CX, Mumbai dated 12.11.2025 received on 24.11.2025. The Company has filed appeal in Appellate Tribunal to challenge the demand.
2 Deputy Commissioner of State Tax 16-Apr-2025 Uttar Pradesh Value Added Tax Act 2008 Order No. 24916944400005 dt. 29.03.2025 for FY 2009-10.There is no Interest and Penalty levied in order. Tax demand levied is Rs. 21,64,813 for trading account loss.Tax Rs - 21,64,813 We have filed appeal against the disputed Tax demand.