Intimation under Regulation 30 of Listing Regulation
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prag Bosimi Synthetics Ltd has received a Demand Notice dated 31st March 2026 from the Income Tax Department under Section 156 of the Income Tax Act for Assessment Year 2022-23. The demand amount is ₹1,12,33,520. The notice cites calculation differences and apparent discrepancies between the Income Tax Department's assessment and the income computations filed by the company. The company states it believes it is in compliance with applicable provisions and is currently reviewing the notice. The company intends to file an appeal before the appropriate authority within prescribed timelines.
The ₹1.12 crore tax demand poses a potential financial liability if the appeal is not successful, though the company does not foresee material impact on its financial or operational activities. This disclosure may cause short-term negative sentiment among investors due to regulatory uncertainty.