Gala Precision Engineering Income Tax Department Proceeding

Key Event Details

Officials of the Income Tax Department commenced proceedings on August 18, 2026 at two locations: the registered office of the Company and the residence of Mr. Kirit Gala, Promoter of the Company. The proceedings are being conducted under the provisions of the Income Tax Act, 2025.

Company Response and Cooperation

The Company and its officials are extending full cooperation to the Income Tax officials and are furnishing all documents, information, and clarifications as sought by the authorities.

Operational Status

The business operations of the Company remain unaffected and continue as usual despite the ongoing proceedings.

Violation Details

No specific violation or contravention has been communicated to the Company as of the date and time of this disclosure. The proceedings are investigative in nature without specific allegations disclosed.

Financial Impact Assessment

Since the Income Tax proceeding is still under process, the Company is not in a position to quantify any monetary impact on financial, operational, or other activities. Financial impact not quantified in the disclosure.