Indo Rama Synthetics (India) Limited has informed the Exchange about General Updates

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INDORAMA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+2.1%Reaction day

₹47.48

prior close

₹47.89

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.9%+0.3% vs market

Other Textile Products peers, median of 176sector+0.4%+1.7% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 1.7 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

-1.7

10m

-0.2

15m

-0.3

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1+1.9+0.3+0.4+1.7

Next day

+3.6+1.9+1.7+0.1+3.5

+1.9+2.4-0.5+0.7+1.2

+1.5+3.3-1.8+1.2+0.3

+1.1+3.4-2.3+1.3-0.2

+2.1+3.2-1.1+1.5+0.6

+0.9+3.7-2.8+1.9-1.0

15d

+7.4+5.4+2.0+1.7+5.7

+6.4+2.4+4.0+1.3+5.0

+11.1+0.8+10.3-4.4+15.5

+16.2+1.1+15.1-4.1+20.3

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 176Pending

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

AI summary

Indo Rama Synthetics has received a tax demand notice from the Deputy Commissioner of State Tax, Nagpur, for ₹36,88,89,886 (about ₹36.89 crore) under Section 73(5) of the GST Act, 2017. The demand pertains to FY 2021-2022 and stems from alleged non-reconciliation of excess outward tax in e-way bills compared to GSTR-9 returns. The company has been asked to pay the amount or respond to the authority by 3 July 2025. The notice was received on 24 June 2025.

Likely market impact

This is a material financial demand equivalent to a significant portion of the company's earnings, but the outcome remains uncertain as the company retains the right to contest. If upheld, it could pressure short-term cash flows and profitability; investors should watch for the company's response and any further updates.