Income Tax search and seizure at company premises completed; disclosure shared beyond 24-hour timeline

Search and seizure proceedings by the Income Tax Department's Investigation Wing at the company's premises began 28 September 2026 and temporarily concluded 4 October 2026.

Mon 12 Oct 2026

Search Start Date

28 September 2026

Search Temporary Conclusion Date

4 October 2026

Authority

Principal Director of Income Tax (INV.)-1, Mumbai

What the company told the exchange

• The search proceedings initiated by the Investigation Wing of the Income Tax Department at the premises of the company on 28 September 2026 have been completed.
• The company says it extended full cooperation and assistance to the officers and provided the requisite information, documents and data as requested.
• It clarifies that this disclosure to the stock exchange is being made beyond the prescribed timeline of 24 hours, because the premises were under search proceedings and office operations were temporarily disrupted, resulting in the temporary suspension of regular business activities.
• The company says that now that the proceedings have concluded, its operations have resumed smoothly, and it will make further disclosures as required.

Details furnished in the annexure

• Authority: Principal Director of Income Tax (INV.)-1, Mumbai.
• Nature of the action: Search and Seizure proceedings conducted by the Income Tax Department.
• The search and seizure commenced on 28 September 2026 and temporarily concluded on 4 October 2026.
• The company states it duly furnished all documents, clarifications and information asked by the Income Tax Department during the search.
• On impact, the company states the proceedings have not resulted in any material impact on the financials, operations or other activities of the company yet, and it will update the stock exchanges on the outcome of the search upon receipt of the same from the Income Tax Department.

How a retail investor might read this

• A search and seizure action by the investigation wing of the tax department is an event that draws attention to a company; the update records that the action has temporarily concluded.
• The company's stated position is that there is no material impact so far on its financials or operations, and that the outcome is still awaited from the department.
• The company says it will update the exchanges on the outcome of the search once it receives it from the Income Tax Department, so what follows from the proceedings is something the company itself has left open at this stage.
• The reason given for the late disclosure is that the premises were under search proceedings and office operations, including regular business activities, were temporarily disrupted.

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