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Pfizer Ltd. — Regulatory Filings 2023
Dec 15, 2023
60507_rns_2023-12-15_d0784b8a-13a6-4787-8d8f-65b1dcd61db0.pdf
Regulatory Filings
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Pfizer Limited
The Capital, 1802/1901, Plot No. C - 70, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051. Tel : +91 22 6693 2000 Fax : +91 22 2654 0274
December 15, 2023
The Corporate Relationship Dept. The Manager, Listing Dept. BSE Limited The National Stock Exchange of India Ltd. 1[st] Floor, P.J.Towers Exchange Plaza, 5[th] Floor, Plot No. C/1, Dalal Street, Fort G Block Bandra-Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500680 Scrip Symbol: PFIZER
Dear Sirs,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”), we wish to inform you that, the Company has received on December 14, 2023 an Order dated November 17, 2023 issued by the Excise & Taxation Officer, UT Chandigarh , basis the scrutiny of returns for the period from April 2016 to March 2017 for Chandigarh CST for a Tax demand of Rs. 10,80,390/-, Interest of Rs. 4,48,362/- and Penalty of Rs. 5,000/- under Punjab VAT Act, 2005, aggregating to a total demand of Rs. 15,33,752/-.
Based on our assessment, we believe that the said demand is not maintainable and the Company is in the process of preferring an appeal against the CST demand. The order has no material impact on the financial, operation or other activities of the Company.
Additional details required to be disclosed pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure A.
Request you to please take the above on record.
Thanking you,
Yours truly, For Pfizer Limited
Digitally signed by PRAJEET NAIR DN: c=IN, postalCode=400037, st=MAHARASHTRA, PRAJEET street=MUMBAI, l=MUMBAI, o=Personal, serialNumber=c24aea3eb0ba76c8cf19782a6242b9b35 252d6b9461f59c3998022881b762db1, pseudonym=c72d46d79a2c4d8fad7277c8c74c4fcd, 2.5.4.20=9933a48702916ad69ca05ea07b057e4a4737e 501e65094b9d54663b70517bbe5, NAIR email=[email protected], cn=PRAJEET NAIR Date: 2023.12.15 17:54:43 +05'30' Prajeet Nair Director – Corporate Services & Company Secretary
Encl.: A/a
CIN: L24231MH1950PLC008311 Email ID: [email protected] Website: www.pfizerltd.co.in
Annexure A
Additional information pursuant to SEBI LODR2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Name of Authority Initiating theaction/passing the order. | Excise & Taxation Officer,UT Chandigarh |
| 2. | Nature and details of the action(s)taken, initiated or order(s) passed. | Order dated 17thNovember, 2023 passedunder section 73 of PVAT Act, 2005 for the Taxof Rs. 10,80,390/- (Rupees Ten Lakhs EightyThousand Three Hundred and Ninety only),Interest of Rs. 4,48,362/- (Rupees Four LakhsForty Eight Thousand Three Hundred and SixtyTwo only) and Penalty of Rs. 5,000/- (RupeesFive Thousand Only) aggregating to a demandof Rs. 15,33,752/- (Rupees Fifteen Lakhs ThirtyThree Thousand Seven Hundred and Fifty Twoonly) |
| 3. | Date of receipt of direction or order,including any ad-interim or interimorders, or any other communicationfrom the authority. | 14thDecember, 2023 |
| 4. | Detailsoftheviolation(s)/contravention(s) committed or allegedto be committed. | The Officer has raised the CST demand majorlyon account of alleged non-availability ofForm F and Form C and imposed the penaltyu/s 60 of Punjab VAT Act, 2005 as extended tounion territory of Chandigarh without statingany reasons in the order. |
| 5. | Impact on financial, operation or otheractivitiesofthelistedentity,quantifiable in monetary terms to theextent possible | There is no impact on financial, operation orother activities of the Company.Based on our assessment, we believe that thesaid demand is not maintainable, and theCompany is in the process of preferring anappeal against the CST demand. The order hasno material impact on the financial, operationor other activities of the Company. |