Prag Bosimi Synthetics Ltd — Important, 01-04-2026: Company Update

Prag Bosimi Synthetics has received a tax demand notice from the Income Tax Department for Assessment Year 2022-23 (FY 2021-22). The demand, amounting to ₹1.12 Crore, appears to stem from calculation differences and discrepancies between the department's assessment and the company's income computations. The company believes it complies with provisions and is reviewing the notice to take appropriate steps, including filing an appeal. While the financial implication is subject to further proceedings, the company does not foresee a material impact on its operations. This update is important for shareholders tracking the company's financial compliance.