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Indo Rama Synthetics (India) Limited ( (IN:INDORAMA) ) has shared an update.
Indo Rama Synthetics (India) Limited has disclosed that it has received an order from the Maharashtra Goods and Service Tax Department, Office of the Deputy Commissioner of State Tax in Nagpur, determining dues under Section 73 of the MGST/CGST Act, 2017. The order, received on 29 December 2025, seeks recovery of Rs 1,01,15,356 for financial year 2021-22, covering tax, interest and penalty, arising from alleged discrepancies and unreconciled reverse charge mechanism liability on freight and carriage expenses. The company has stated that the financial impact will depend on the outcome of the ongoing proceedings, indicating potential exposure but no immediate quantified effect on its operations beyond this contingent liability.
More about Indo Rama Synthetics (India) Limited
Indo Rama Synthetics (India) Limited is a polyester manufacturer based in India, operating a large manufacturing complex in Butibori, Nagpur, Maharashtra, with corporate offices in Gurugram, Haryana. The company is part of the synthetic textiles and fibres industry, supplying polyester-based products to domestic and export markets across the textile value chain.
Average Trading Volume: 28,276
Technical Sentiment Signal: Hold
Current Market Cap: 12.74B INR
See more data about INDORAMA stock on TipRanks’ Stock Analysis page.