The search and seizure proceedings were conducted at the company's premises commencing on 28th September, 2026 and temporarily concluding on 4th October, 2026. The authority conducting the proceedings was the Principal Director of Income Tax (INV.)-1, Mumbai.
During the proceedings, the company extended full cooperation and assistance to the concerned officers and provided all requisite information, documents, and data as requested. The company has duly furnished all documents, clarifications, and information asked by the Income Tax Department during the search.
The disclosure to the stock exchange was made beyond the prescribed timeline of 24 hours due to the search proceedings causing temporary disruption of office operations and suspension of regular business activities, preventing timely submission.
According to the company's assessment, the proceedings have not resulted in any material impact on the financials, operations, or other activities of the company yet. The company will update the stock exchanges about the outcome of the search operation upon receipt of the same from the Income Tax Department.
The disclosure references SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 as amended.
The intimation was signed by Shweta Ramesh Soni, Company Secretary & Compliance Officer (Membership No: A65292) on behalf of Vashu Bhagnani Industries Limited.