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RBZ Jewellers Limited ( (IN:RBZJEWEL) ) has shared an update.
RBZ Jewellers Limited has received an Assessment Order from the Income Tax Department for the financial year 2022-23, proposing a demand of Rs. 25.28 Crores due to the treatment of bonus shares as unexplained income. The company disputes this claim, asserting that the addition is incorrect as there was no receipt of consideration for the bonus shares, and plans to appeal the order. They believe there will be no impact on their financials or operations.
More about RBZ Jewellers Limited
RBZ Jewellers Limited operates in the jewelry industry, focusing on the design, manufacture, and sale of various jewelry products. The company is listed on the Bombay Stock Exchange and the National Stock Exchange of India, indicating its significant market presence.
YTD Price Performance: -31.03%
Average Trading Volume: 43,396
For an in-depth examination of RBZJEWEL stock, go to TipRanks’ Stock Analysis page.