Procter & Gamble Hygiene and Health Care update on changes in tax liability

Procter & Gamble Hygiene and Health Care has arrived at an advanced pricing agreement with the tax authorities on 26 March 2024, determining appropriate transfer pricing methodology for certain identified transactions with Company's affiliate(s) for the years viz., F.Y. 2010-11 to F.Y. 2018-19. As a consequence of this agreement;

1. An additional tax liability, approximately of about Rs. 36 crore (including interest) is payable.

2. There will be a reduction in contingent liabilities of approximately Rs. 87 crore, subject to withdrawal of relevant tax litigations by the respective parties

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