Announced Mon, 22 Jun · 21:26 IST
CGST authorities conduct search at Acutaas Chemicals Sachin facility
ACUTAAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹3253.00
prior close
₹3221.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.9+2.0+0.8+2.0+0.5+1.3+10.0+8.7+10.4+13.9+9.0+5.3——
Up moveDown movePending
AI summary
On June 22, 2026, the CGST and Central Excise Anti-evasion Department in Surat initiated search proceedings at Acutaas Chemicals' registered office and Sachin manufacturing unit in Gujarat. The action was carried out under Section 67(2) of the CGST Act, 2017 by the Additional Commissioner. No specific violations have been communicated yet. The company states there is no material impact on financials or operations and is fully cooperating with authorities.
Likely market impact
Tax authority searches may create short-term uncertainty; company says no material impact on business at present.