Indoco Remedies Limited has informed the Exchange about Action(s) initiated or orders passed

Regulatory & Legal View source PDF Explain this filing

INDOCO · price

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

+0.0%Reaction day

₹280.00

prior close

₹282.35

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.4% vs market

Pharmaceuticals peers, median of 148sector-0.5%+0.5% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.5 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

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.0-0.3+0.4-0.5+0.5

Next day

+1.1-0.0+1.1-0.6+1.7

+1.5-1.0+2.5-1.8+3.3

+1.1-1.3+2.4-2.6+3.7

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+1.3-2.1+3.4-3.1+4.4

15d

+20.1+1.6+18.5-0.2+20.3

+13.7+1.4+12.3-0.2+13.9

+4.0-2.7+6.7-4.5+8.5

+4.7+0.1+4.6-3.4+8.1

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 148Pending

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

AI summary

Indoco Remedies has received a notice dated 12th June 2025 from the Asst. Commissioner of Commercial Taxes, Bengaluru in Form GST ASMT-10 regarding alleged differences in Input Tax Credit (ITC) claims for the period 2023-2024. The tax authority has raised a potential demand of Rs. 78.25 Lakhs along with applicable interest. The company plans to file an appropriate response within the prescribed timeline based on advice from its advisors. Management has stated that it does not consider it likely that this demand will materialize into an actual liability against the company.

Likely market impact

The potential demand of Rs. 78.25 Lakhs is relatively small for Indoco Remedies and the company believes it is unlikely to result in an actual liability. Shareholders should note this is only an initial notice and not an order, with the matter still open for defence.