Zydus Wellness Subsidiary Faces Penalty from Spanish Tax Authority
Zydus Wellness Limited disclosed that its wholly owned subsidiary, Comfort Click Limited, United Kingdom (CCL), has received an order from the Spanish Tax Authority. The order alleges unpaid value added tax (VAT) for the first quarter of 2021 and imposes a penalty of EUR 19,472.57.CCL believes the penalty stems from the incorrect mapping of VAT payments to the old VAT system rather than the new VAT system.
The company has indicated its intention to appeal the order, maintaining that CCL possesses strong merits in this matter.
The details surrounding this tax action are summarized below.
| Particulars | Details |
|---|---|
| Name of the Authority | Spanish Tax Authority |
| Nature and details of the action(s) taken, initiated or order(s) passed | Imposed penalty of EUR 19,472.57 on CCL. |
| Date of receipt of direction or order | April 3, 2026 at 3:15 p.m. |
| Details of the violation(s)/ contravention(s) committed or alleged to be committed | Alleged unpaid VAT for Q1 2021. |
| Impact on financial, operation or other activities | CCL believes it has strong merits and intends to appeal against the Order. There is no impact on financial, operation or other activities of the Company / CCL due to this order. The impact will be limited to the final tax liability as may be ascertained alongwith penalty, if any. |
Zydus Wellness Limited noted that the initial order was received on April 3, 2026. The company stated that despite the penalty, it does not foresee any impact on its financial, operational, or other activities due to this specific order.
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