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The latest announcement is out from Nandan Denim Limited ( (IN:NDL) ).
Nandan Denim Limited announced that the Income Tax Authority has confirmed the reduction of tax demand to nil for the assessment years 2016-17, 2017-18, and 2018-19, effectively closing the matter. This resolution is a positive development for the company, potentially easing financial and operational concerns related to the pending tax litigation, and may positively influence stakeholder confidence.
More about Nandan Denim Limited
Nandan Denim Limited operates in the textile industry, primarily focusing on the production and distribution of denim fabrics. The company is based in Ahmedabad, India, and is part of the Chiripal Group, which is known for its extensive involvement in the textile sector.
Average Trading Volume: 626,439
Technical Sentiment Signal: Sell
Current Market Cap: 4.73B INR
For an in-depth examination of NDL stock, go to TipRanks’ Overview page.