Indo Borax and Chemicals Ltd: Customs Department Drops ₹105.7 Million Demand Notice

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Indo Borax and Chemicals Ltd has announced a significant relief, as the Customs Department has officially withdrawn its demand notice of ₹105.7 million. This development removes a major financial overhang for the company and is expected to positively impact its operational and financial outlook.

Key Highlights:

The Customs Department has dropped a demand notice totaling ₹105.7 million (₹10.57 crore) previously issued to Indo Borax and Chemicals Ltd.
The withdrawal of this notice eliminates a substantial contingent liability, improving the company’s balance sheet and reducing legal and regulatory uncertainties.
This positive outcome follows ongoing compliance and engagement efforts by Indo Borax with relevant authorities, demonstrating the company’s commitment to regulatory standards.
The development comes on the heels of a strong financial performance, with Indo Borax reporting a 10.23% year-on-year increase in consolidated net sales for March 2025, reaching ₹50.12 crore.

Market sentiment around the stock is expected to improve, as the removal of the customs liability enhances investor confidence and supports the company’s growth trajectory.

Indo Borax continues to focus on expanding its product portfolio and strengthening its position in the chemicals sector, leveraging its robust fundamentals and operational excellence.

Source: Moneycontrol, Indo Borax and Chemicals Ltd Regulatory Filings