Nature of the Event
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding search proceedings initiated by the Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit.
Authority Details
- Name: Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit
- Legal Basis: Section 105 of the Customs Act, 1962
Date and Locations of Search
- Initiation Date: October 22, 2026
- Locations: Corporate Office of the Company and one manufacturing facility at Ahilyanagar
- Conclusion Time: 18:00 hrs IST on October 22, 2026
Nature of Action and Alleged Violations
The search was initiated as part of an industry-wide review being undertaken regarding the applicability of HSN Code for import of bulk Scotch. The Company understands this forms part of an industry-wide exercise conducted by the Revenue Authority under provisions of the Customs Act, 1962.
Financial and Operational Impact
- Current Impact: No impact on financial, operation or other activities of the Company as of now
- Quantifiable Monetary Terms: No quantifiable impact disclosed
Company Response and Cooperation
The Company has extended its full cooperation and assistance in the matter and has duly furnished all documents, clarifications and information as sought by DRI during the search.
Additional Information
This intimation has been uploaded on the Company's website (www.tilind.com) as required.