India's Prince Pipes and Fittings falls on tax demand notice

Prince Pipes and Fittings

01/10/2026 07:35

** Shares of Prince Pipes and Fittings PRCE.NS fall 2.5% to 249.35 rupees
** Stock on track for fourth session of losses
** Indian construction supplies co receives tax demand notice of 27.4 million rupees ($285,476)
** Co says notice related to alleged under-reporting of sales and excess tax credit claims for FY2022-23
     ** PRCE expects no material impact on business from tax demand notice 
** Stock down 4% YTD
     


($1 = 95.9800 Indian rupees)

 (Reporting by Anushka Rajvedi in Bengaluru)
 ((mailto: anushka.rajvedi@thomsonreuters.com))