Indo Count Industries Limited has informed the Exchange about Action(s) taken or orders passed
ICIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 2.1 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The GST Department of Maharashtra conducted an inspection and search at Indo Count Industries' premises under Section 67 of the Maharashtra GST Act, 2017, which concluded on 17th March 2026. The Company voluntarily agreed to pay IGST for the period from 1st April 2020 onwards to rectify certain discrepancies flagged during the search, with the paid amount available for future tax credit. The Company has stated that there is no material impact on its financials, business operations, or other activities, except for a compensatory interest of Rs. 12.81 crores on the IGST payment.
Minor financial hit of Rs. 12.81 crores as interest cost on backdated IGST payments; no material impact on operations. The voluntary rectification may limit further penalties and signal proactive tax compliance, though it does highlight past IGST classification errors.