Panacea Biotec Legal & Regulatory
Panacea Biotec received four income tax demand orders totaling ₹9.82 Crore for alleged misreporting. The company contests this as non-maintainable and plans to appeal.
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Panacea Biotec received four income tax demand orders totaling ₹9.82 Crore for alleged misreporting. The company contests this as non-maintainable and plans to appeal.
Panacea Biotec sent reminder letters to physical shareholders requesting PAN and KYC updates per SEBI circulars. No transaction or business event is involved.
Panacea Biotec Limited issued the notice for its 42nd Annual General Meeting scheduled for September 29, 2026, via video conferencing. Shareholders can participate through remote e-voting.
Panacea Biotec Limited has submitted its monthly share dematerialization report for August 2026. This is a routine regulatory compliance filing under SEBI Regulation 74(5).
Nosheen Sheikh, an employee's immediate relative, sold 3,000 equity shares of Panacea Biotec Ltd for ₹12.29 Lakh in a market sale.
Panacea Biotec Ltd reported revenue from operations of ₹199.6 Cr (+19.7% YoY) and net profit of ₹2.2 Cr (-45.0% YoY) for Q1 FY27.
Panacea Biotec will hold a board meeting on August 13, 2026, to approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026.
Panacea Biotec Ltd secured a Letter of Award from UNICEF worth approximately Rs.78.24 Crore ($8.205 million). The contract involves supplying bivalent Oral Polio Vaccine during 2028.
Panacea Biotec's subsidiary received a GST Show Cause Notice. The notice alleges a total tax liability of ₹4.06 Crore for FY 2022-23.
Panacea Biotec filed its quarterly shareholding pattern. The filing notes an off-market gift of 2,00,000 shares from Dr. Rajesh Jain to Rajesh Jain (HUF).
Panacea Biotec filed a High Court appeal against an industrial tribunal award involving 23 workmen. The court granted interim relief, preventing coercive steps against the company.
Rajesh Jain HUF acquired 200,000 shares of Panacea Biotec from Dr. Rajesh Jain by gift, increasing promoter holdings to 0.09%. No cash transaction was involved.
Panacea Biotec filed appeals against three tribunal awards and will challenge a fourth. The company believes the awards are challengeable and foresees no material financial impact.
Panacea Biotec joined the €11.1 million (₹120.90 Crore) EU-funded DENSTAR consortium. The 48-month project advances licensure of its DengiAll vaccine in sub-Saharan Africa.
Panacea Biotec promoter Dr. Rajesh Jain will gift 2,00,000 shares to Rajesh Jain HUF. This internal promoter transfer maintains aggregate shareholding without changing overall control.
Panacea Biotec Ltd reported revenue from operations of ₹166.8 Cr (+25.9% YoY) and a net loss of ₹1 Cr for Q4 FY26.
Panacea Biotec approved FY2026 audited financial results and skipped dividends due to losses. The board also appointed Rajinder Singh Manku as an Independent Director.
Panacea Biotec filed its FY2026 Annual Secretarial Compliance Report. The report notes a minor ₹0.02 Crore penalty for a prior dividend intimation delay.
Panacea Biotec announced director appointments at its material subsidiary, Panacea Biotec Pharma Limited. These leadership changes aim to strengthen governance and ensure ethical board practices.
Panacea Biotec scheduled a board meeting for May 29, 2026, to approve annual financial results. Directors will also consider potential dividend recommendations for the fiscal year.
Panacea Biotec reported a fire incident due to a short circuit at its subsidiary's Oncology Quality Control Laboratory in Baddi. Operations are temporarily disrupted for 5 to 7 days. There were no casualties, and the facility has adequate insurance coverage. The company expects no material financial impact.
Panacea Biotec Ltd won a favorable order from the ITAT, Delhi, resulting in the cancellation of a ₹9.16 Crore tax demand for AY 2020-21. The tribunal set aside the previous disallowance of ₹3.44 Crore in expenses, marking a positive financial outcome for the company regarding its ongoing tax litigation.
Panacea Biotec Ltd secured a ₹20.79 Crore contract from the Central Medical Services Society (CMSS) to supply Diphtheria and Tetanus Vaccine (Td Vaccine). Deliveries will occur in several tranches between late 2026 and late 2028, providing steady revenue visibility for the company's vaccine segment.
Panacea Biotec Limited received four tribunal awards regarding labor disputes dating back to 2014. The Tribunal set aside workman transfers and awarded reinstatement with back wages. The company plans to challenge these orders in the Punjab and Haryana High Court and does not foresee a material financial impact at this stage.
Panacea Biotec Ltd submitted a compliance certificate for the quarter ended March 31, 2026, under SEBI (Depositories and Participants) Regulations. The certificate, issued by Skyline Financial Services, confirms that physical share certificates received for dematerialization were processed, cancelled, and substituted with the depository's name within the mandated 15-day period.
Panacea Biotec Ltd reported its monthly dematerialisation status for March 2026. The company confirmed that no shares were dematerialised during the month, with the total demat holding remaining stable at 6,11,04,526 shares across NSDL and CDSL.
Panacea Biotec Ltd has received a rectified Assessment Order for AY 2016-17 from the Income Tax Department. The order successfully nullifies the previous tax demand of approximately ₹10.23 Crore, determining the company's final tax liability as Nil. This rectification removes the potential financial liability and has a positive impact on the company's financials.
Panacea Biotec Limited received a rectified Assessment Order from the Income Tax department for AY 2015-16. The rectification successfully nullifies a previous tax demand of approximately ₹45.71 Crore, resulting in Nil tax liability. This correction of errors regarding disallowances and losses provides a significant positive financial impact for the company.