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News 2026-09-21 05:03 UTC

India's Unichem Labs falls after tax demand appeal rejected

Shares of India's Unichem Laboratories fell 2.51% to 532 rupees after the company said a tax authority rejected its appeal in a case involving a penalty of 870.7 million rupees and interest liability of 65.9 million rupees. The case relates to alleged delayed payment of tax on supplies. Unichem said it will take approp