Raymond Lifestyle Limited ( (IN:RAYMONDLSL) ) has issued an update.
Raymond Lifestyle Limited has announced that its subsidiary, Silver Spark Apparel Limited, and its promoter group entity, JK Investors (Bombay) Limited, have received demand notices from the Income Tax authority for assessment years 2019-20 to 2022-23. However, the company clarified that these notices will not have a financial impact on its operations, as the underlying assets and associated liabilities were previously sold to JKIB. The company and its entities plan to appeal the notices, believing they have strong grounds to contest the claims.
More about Raymond Lifestyle Limited
Raymond Lifestyle Limited, formerly known as Raymond Consumer Care Limited, operates in the lifestyle and apparel industry. The company focuses on producing and selling high-quality garments and related products, with a market presence that includes a range of subsidiaries and promoter entities.
YTD Price Performance: -48.92%
Average Trading Volume: 19,955
Current Market Cap: 64.34B INR
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