Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that the Surat CE & GST Commissionerate conducted a routine search operation at various premises of the Company, which commenced on May 1, 2025, at 15:40 Hrs. and concluded on May 2, 2025 at 3:30 Hrs., as annexed.
AETHER · price
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Aether Industries informed the stock exchanges that the Surat CE & GST Commissionerate carried out a routine search operation at its premises on May 1-2, 2025. During the search, authorities identified a tax liability of Rs. 14,40,000 along with a 15% penalty. The company fully cooperated with the authorities and has already settled the dues promptly. The management has reassured stakeholders that this matter has no impact on the company's operations or financial standing, and that its commitment to legal compliance remains unchanged.
The tax liability is relatively minor at Rs. 14.4 lakhs and has already been settled, so the direct financial impact is negligible. Short-term stock sentiment may see mild volatility, but no material effect on business or financials is expected.