GST authorities conduct search at Indoco Remedies registered office

Enforcement RaidRegulatory & Legal View source PDF Explain this filing

INDOCO · 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

+10.2%Reaction day

₹213.30

prior close

₹237.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+3.7%+6.5% vs market

Pharmaceuticals peers, median of 157sector+2.6%+7.6% vs sector

On the reaction day the stock moved 6.5 pts more than Nifty Microcap 250 and 7.6 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

-0.1

10m

+0.4

15m

+0.4

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+10.2+3.7+6.5+2.6+7.6

Next day

+5.7+5.1+0.6+2.5+3.2

+4.5+4.0+0.5+1.6+2.9

-1.0+3.2-4.2+1.2-2.3

-3.4+5.9-9.3+2.9-6.3

-1.9+6.9-8.9+3.6-5.5

-4.4+5.9-10.2+2.6-6.9

15d

-3.4+2.1-5.5-0.6-2.8

-6.7-3.5-3.2-2.6-4.1

-10.7-4.2-6.4-4.7-6.0

-0.6+10.9-11.5+4.2-4.8

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 157Pending

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

AI summary

On 2 Feb 2026, Maharashtra State GST officials visited Indoco Remedies registered office under Section 67 of the CGST and SGST Act, which allows inspection, search and seizure. Authorities requested books of accounts for verification from FY 2020-21 onwards. Company is fully cooperating. No allegations or violations have been communicated so far. Financial impact is not yet quantifiable.

Likely market impact

No allegations yet, but the search outcome could affect finances or operations if tax issues are found.