New Delhi, Dec 5 (PTI) Dr Reddy's Laboratories on Thursday said Kazakhstan revenue authority has levied a penalty of Rs 28.7 lakh on its subsidiary.

The Department of State Revenue, Bostandyk district of Almaty, Kazakhstan has imposed the penalty on Dr Reddy's Laboratories Kazakhstan LLP towards disallowance of claim of certain expenses by the tax authorities for the calendar year 2021, the drug firm said in a regulatory filing.

Also Read | APSC CCE Result 2024: Assam Public Service Commission Releases Combined Competitive Exam Results at apsc.nic.in, Get Direct Link Here.

The order levies a penalty of KZT 17,597,212 (Rs 2.87 million), it added.

"Based on our evaluation, there is no material impact on the financials, operations, or other activities of the company," the Hyderabad-based drug firm said.

Also Read | 8th Pay Commission Update: When Will 8th CPC Be Implemented? Finance Ministry Answers.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)