Indo Rama Synthetics (India) Limited has informed the Exchange about Action(s) initiated or orders passed

Regulatory & Legal View source PDF Explain this filing

INDORAMA · price

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Price reactionminutes from the announcement price · days from the prior close

+1.5%Reaction day

₹47.40

prior close

₹47.40

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+1.5% vs market

Other Textile Products peers, median of 169sector-0.0%+1.5% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.5 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.5-0.1+1.5-0.0+1.5

Next day

+3.0+1.3+1.7+0.0+3.0

+1.3+1.6-0.3+0.0+1.2

+2.3+2.5-0.2+0.3+2.0

+0.2+2.8-2.5-0.2+0.5

-1.6+2.1-3.7-0.9-0.7

-4.1+0.1-4.2-2.7-1.3

15d

-17.1-7.2-9.9-9.1-8.0

-8.9-4.4-4.5-7.2-1.6

-26.7-6.4-20.3-7.7-19.0

-36.3-15.1-21.2-20.0-16.3

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 169Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Indo Rama Synthetics has received an order from the Office of the Deputy Commissioner of State Tax, Nagpur (Government of Maharashtra) for determination of dues under Section 73 of the MGST/CGST Act, 2017. The demand amounts to approximately ₹1.01 crore (tax, interest, and penalty combined) relating to FY 2021-2022. The demand is on account of a discrepancy in the Reverse Charge Mechanism (RCM) liability on freight and carriage expenses. The order was received on 29th December 2025, and the company has stated that any financial impact will depend on the outcome of the further proceedings in this matter.

Likely market impact

The demand is relatively modest at about ₹1 crore against the company's size, but it creates a contingent liability that could affect finances if the order is upheld. The stock may see limited reaction as the company has indicated it will engage with the proceedings, and the amount is not material enough to significantly impact operations.