Zydus Wellness Arm Faces EUR 19,472 VAT Penalty in Spain, Plans to Appeal
New Delhi: Zydus Wellness Limited has informed that its step-down wholly owned subsidiary, Comfort Click Limited (CCL), UK, has received a penalty order of EUR 19,472.57 from the Spanish Tax Authority for alleged unpaid value added tax (VAT) for the first quarter of 2021, and the company plans to challenge the order.
The order, received on April 3, 2026, at 3:15 p.m., relates to an alleged discrepancy arising from incorrect mapping of VAT payments to an old VAT account instead of the new VAT system. The penalty has been imposed under applicable tax regulations by the Spanish authority.
Zydus Wellness clarified that CCL believes it has strong merits in the case and intends to file an appeal against the order. The company expressed confidence in securing a favourable outcome through the appellate process.
The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with relevant SEBI circulars, which mandate reporting of material regulatory developments.
According to the details provided in Annexure-1, the alleged violation pertains specifically to unpaid VAT for Q1 2021. The company emphasized that there is no impact on its financial, operational, or other activities due to this order at present.
It further stated that any financial implication will be limited to the final tax liability along with any applicable penalty, subject to the outcome of the appeal process.
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