BN Agrochem Limited has submitted a regulatory disclosure to BSE Limited under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The disclosure informs that the Income Tax Department initiated search and investigation proceedings at the company's premises across India on October 22, 2026, under the provisions of the Income Tax Act, 1961. These proceedings concluded on October 27, 2026.
The company provides the following key clarifications regarding the proceedings:
- No seizure of assets, stock-in-trade, books of accounts, or company funds occurred during the proceedings.
- The routine business operations and financial activities of the company continue uninterrupted and remain normal.
- The company extended full cooperation to the Income Tax officials throughout the proceedings.
The company states that it will provide further updates, if any, in due course in accordance with applicable regulatory requirements.