Key Event Details
The Maharashtra Goods and Services Tax Department commenced search proceedings under Section 67 of the Maharashtra Goods and Services Tax Act, 2017 at the Company's registered office and its plant locations on August 20, 2026 at 3:15 pm.
Company Response and Current Status
The Company is extending full cooperation to the officials and providing all requisite information, documents and clarifications sought by them. Business operations continue as usual during the search proceedings.
Financial and Operational Impact
As per Annexure-A, the financial impact quantifiable in monetary terms cannot be ascertained at this stage as the proceedings are ongoing. The details of violations/contraventions alleged to be committed also cannot be ascertained at this point in time as the proceedings are ongoing.