Alkem Labs transfers trade generics business to its subsidiary Alkem Wellness
Published on 26/09/2025 07:29 PM
Alkem Labs transfers trade generics business to its subsidiary Alkem WellnessAlkem Laboratories has entered into a business transfer agreement with its wholly-owned subsidiary, Alkem Wellness, transferring its trade generics business effective October 1, 2025. Shares of Alkem Laboratories Ltd ended lower on Friday (September 26) by 1.72% at ₹5,413.50.By Megha Rani September 26, 2025, 7:29:23 PM IST (Published)2 Min ReadDrugmaker Alkem Laboratories Ltd said on Friday (September 26) it has entered into a business transfer agreement with its wholly-owned subsidiary, Alkem Wellness Ltd, to transfer its trade generics business as a going concern on a slump sale basis.
The transfer, originally intimated in December 2024, will be effective from October 1, 2025.
Earlier this week, Alkem Labs received an order from the Commissioner (Appeals) – II, CGST & Central Excise, Mumbai, under the GST Act, 2017, confirming a demand of ₹35.11 crore along with a penalty of ₹3.5 crore for the period July 2017-18 to March 2022.
The order primarily alleged denial of input tax credit (ITC) due to double claims in Form GSTR-3B not reflected in GSTR-2A. The company stated it disagrees with the order and will contest it, noting that there is no material impact on its financial or operational activities, as sufficient ITC is available.
Q1 results
Alkem Labs reported strong performance for April-June 2025, with revenue rising 11% year-on-year to ₹3,371 crore, surpassing CNBC-TV18’s estimate of ₹3,155 crore. Net profit surged 21.45% to ₹668 crore, beating expectations of ₹481 crore. EBITDA also jumped 21.35% to ₹739 crore, compared with the estimated ₹578 crore, driven by a 2.9% overall volume growth.
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Shares of Alkem Laboratories Ltd ended lower on Friday (September 26) by 1.72% at ₹5,413.50.Continue Reading(Edited by : Shoma Bhattacharjee)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsAlkem LaboratoriesAlkem Labs