Income Tax Search at company and promoter premises concludes; outcome not communicated

Income Tax Dept conducted a Search under section 247 of the Income-tax Act, 2025 at the company's registered office and at premises of certain promoters/KMP from 28th September 2026 to midnight of 3rd October 2026.

Tue 6 Oct 2026

Search Provision

section 247 of the Income-tax Act, 2025

Search Period

from 28th September 2026 to midnight of 3rd October 2026

Outcome Status

no outcome received

What the company told the exchange

• The Income Tax Department conducted a Search under section 247 of the Income-tax Act, 2025.
• The Search covered the company's registered office as well as the premises of certain promoters and key management personnel.
• It ran from 28th September 2026 to midnight of 3rd October 2026.
• This letter follows the company's earlier intimation dated 28th September 2026 about officers of the Investigation Wing of the Income Tax Department visiting its premises.

The update in this letter

• The officers have left the premises of the company, and those of the promoters and key management personnel.

What the company says about its position

• It extended full co-operation to the officials and provided the information and documents sought by the Income Tax Department.
• It has not received any communication regarding the outcome of the proceedings.
• At this stage, it says, it is not possible to assess the impact, if any, on its financial or operational activities.
• It says it continues to carry on its business operations in the normal course.
• It will keep the stock exchange(s) informed of any material developments in this regard.

How a retail investor can read this

• This is an update rather than a conclusion: the letter confirms that the Search has ended and that the department has not communicated an outcome to the company so far.
• The company itself states that the impact, if any, on its financial or operational activities cannot be assessed at this stage, so what the proceedings mean for the business is not known from this letter.
• The company says it will report any material developments to the exchanges, which would be the point at which more becomes known.

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