GST Authorities Conclude Search at Indoco Remedies, No Material Impact

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INDOCO · price

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

+1.6%Reaction day

₹205.95

prior close

₹207.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+0.6% vs market

Pharmaceuticals peers, median of 159sector+0.4%+1.2% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 1.2 pts more than its Pharmaceuticals 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

+0.0

10m

+1.3

15m

+1.3

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+1.0+0.6+0.4+1.2

Next day

-0.5+0.5-0.9+0.3-0.7

-0.9-0.0-0.9+0.0-0.9

-1.6-1.5-0.1-1.2-0.4

-2.3-2.2-0.1-1.7-0.6

-1.7-1.2-0.5-1.8+0.1

-3.1-2.4-0.8-2.5-0.6

15d

-3.4-8.8+5.5-7.0+3.6

-4.1-8.3+4.2-5.1+1.0

-1.1-3.5+2.5-3.5+2.5

+5.8+6.4-0.6+2.8+3.1

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 159Pending

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

AI summary

Maharashtra GST Department concluded its inspection/search at Indoco Remedies on 08 Feb 2026. The company had earlier intimated exchanges about the search on 03 Feb 2026. Indoco provided all documents and details requested. No official document has been issued by the authorities. Management states there is no material impact on financials, operations or other activities.

Likely market impact

Search concluded with no material impact declared; uncertainty around any further tax demand remains a watchpoint.