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Indigo Paints Ltd ( (IN:INDIGOPNTS) ) has provided an update.
Indigo Paints Limited has received a demand order from the Assistant Commissioner of State Tax in Pune regarding GST credit availed on IPO-related expenses, amounting to INR 19.26 crores including interest and penalty. The company plans to appeal this order with the Goods and Service Tax Appellate Tribunal, and there is no immediate impact on its financial or operational activities.
More about Indigo Paints Ltd
Indigo Paints Limited operates in the paint industry, offering a range of decorative paints and coatings. The company focuses on innovative and eco-friendly products to cater to both residential and commercial markets.
Average Trading Volume: 15,759
Technical Sentiment Signal: Buy
Current Market Cap: 61.71B INR
For a thorough assessment of INDIGOPNTS stock, go to TipRanks’ Stock Analysis page.