Shares of Zydus Lifesciences Ltd are trading flat after hitting a day’s high of Rs 980.55 on 3rd November. This follows the company’s disclosure that it has received a demand order from the Joint Commissioner of the Common Adjudication Authority, CGST, Ahmedabad. The order covers the period between April 2018 and March 2024.

The order concerns an alleged excess IGST refund on exports. In this instance, the company reportedly used the CIF (Cost, Insurance & Freight) value rather than the FOB (Free On Board) value.

The total demand amounts to Rs 74.23 crore, with an equal penalty and applicable interest. The company received the order at 3:36 PM on 31st October, 2025.

The adjudication covers four GST registrations in Gujarat, Maharashtra, Himachal Pradesh, and Goa. These are under a common order issued by the Joint Commissioner of CGST, Ahmedabad.

Zydus Lifesciences said it has a strong case and will appeal against the order. They added that it will not have any material financial impact on its operations.

At 11:59 AM, shares of Zydus Lifesciences were trading 0.61% higher at Rs 980.40 on NSE.

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