Event Details
An inspection/search proceeding was initiated at certain offices and manufacturing units of Fine Organic Industries Limited situated in the State of Maharashtra on Friday, October 30, 2026. The proceeding is being conducted under Section 67 of the Maharashtra Goods and Services Tax Act, 2017.
Authority Involved
The inspection is being carried out by the Assistant Commissioner of State Tax, Maharashtra. Maharashtra State GST officials presented an authorization letter for inspection/search to the Company's officials at approximately 4:30 p.m. on October 30, 2026.
Current Status and Company Response
The Company's officials are cooperating fully with the GST officials and are responding to all clarifications and details sought. The Company has committed to providing all necessary additional documents that may be requested in due course. The disclosure specifically notes that no violations or contraventions have been communicated to the Company as of the date of this intimation.
Operational Impact
The inspection/search proceeding has not impacted the regular operations of the Company according to the disclosure.
Financial Impact Assessment
Based on the Company's initial assessment, Fine Organic Industries does not reasonably expect that the outcome of these proceedings will have any material impact on the Company. The disclosure states that should any material update require intimation under SEBI Listing Regulations, the Company will make necessary disclosures in accordance with regulatory provisions.