Income Tax Department Visit to Company Premises

An Income Tax Department team visited Balgopal Commercial's office yesterday and continues proceedings at the premises.

Tue 29 Sep 2026

Event Date

28 September 2026

Location

Mumbai office premises

Authority

Income Tax Department

Current Status

Proceedings continuing; directors and senior management attending to officers with mobile phones switched off and restricted office access

Company Impact Assessment

Assessing impact on scheduled AGM; will update stock exchange on material developments

Income Tax Department Visit Underway

A team from the Income Tax Department visited Balgopal Commercial's Mumbai office premises on 28 September 2026 and the proceedings are continuing. The company's directors and senior management are present at the office attending to the officials.

Current Situation

• Mobile phones of directors and senior management are switched off
• Access to office premises is restricted
• The company cannot currently communicate with its management or gather information about the proceedings
• The exact nature and scope of the Income Tax Department's visit is not yet known to the company

Company's Response

Balgopal Commercial is closely monitoring the developing situation and attempting to obtain confirmed information. The company is currently assessing the potential impact on its scheduled annual general meeting (AGM). It has committed to informing the BSE of any material developments as and when the situation becomes clearer.

What This Means

Income Tax Department visits can relate to compliance verification, investigation, or other regulatory matters. Investors should await further updates from the company once management is available to provide details. The timing and nature of any impact on the AGM will depend on how the proceedings develop.

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