Prag Bosimi Synthetics Limited has received an income tax demand notice worth ₹1,12,33,520 from the Income Tax Department for assessment year 2022-23. The company disclosed this development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Notice Details and Timeline

The demand notice was received on March 31, 2026 at 06:55 PM through email from the Office of the Assistant Commissioner of Income Tax DCIT/ACIT CIR-1, Guwahati. The notice pertains to assessment year 2022-23, covering the financial year 2021-22.

Nature of Demand

According to the company's disclosure, the demand has arisen due to calculation differences and apparent discrepancies between the assessment made by the Income Tax Department and the income computations filed by the company. The notice was issued under Section 156 of the Income Tax Act, 1961.

Financial Implications

The company has outlined the financial impact and its position regarding the demand:

Company's Response Strategy

Prag Bosimi Synthetics is currently reviewing the notice and has outlined its planned course of action. The company intends to take appropriate steps, including filing an appeal before the appropriate authority within the prescribed timelines. The management believes that the demand includes elements arising from calculation inconsistencies and is evaluating the notice thoroughly.

The company has committed to keeping the stock exchanges informed of any further material developments in this matter. The financial implications remain subject to the outcome of further proceedings and potential appeals, indicating that the final impact may differ from the current demand amount.

Prag Bosimi Synthetics Limited has announced its unaudited financial results for the third quarter of fiscal year 2026, ended December 31, 2025. The company published these results in compliance with Regulations 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

The company's consolidated financial results reveal mixed performance indicators for the reporting period. Total income from operations reached ₹61.65 lakhs in Q3 FY26, representing a decline from ₹67.25 lakhs recorded in the corresponding quarter of the previous year.

Quarterly Loss Analysis

Despite reporting a net loss of ₹168.01 lakhs for Q3 FY26, this represents an improvement compared to the loss of ₹234.44 lakhs in the same quarter of the previous year. The company's loss before tax also stood at ₹168.01 lakhs for the current quarter.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, Prag Bosimi Synthetics reported consolidated total income from operations of ₹100.50 lakhs. However, the company recorded a substantial net loss of ₹1,119.00 lakhs for this extended period.

Regulatory Compliance and Publication

The financial results were published in Financial Express and Dainadin Barta on February 14, 2026. Company Secretary Madhu P. Dharewa confirmed that the results are also available on the company's website at www.pragbosimi.com for stakeholder access.

Share Capital Structure

The company maintained its paid-up equity share capital at ₹7,729 lakhs with a face value of ₹10 per share throughout the reporting periods. The earnings per share before extraordinary items stood at ₹0.22 for the quarter.

The unaudited financial results provide stakeholders with insights into the company's operational performance and financial position for the third quarter of fiscal year 2026.