The Company informed the Stock Exchange about (i) the working of official/registered Email ID: shareholderservice@ansalapi.com and other emails of the Company have been restored (ii) the Income Tax department has conducted Search and Seizure proceedings at offices of Company located in Delhi and Lucknow from 08th April, 2025 (Tuesday) till 11th April, 2025 (Friday).
ANSALAPI · price
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Ansal Properties & Infrastructure has informed the stock exchange that the Income Tax department carried out search and seizure proceedings at the company's offices in Delhi and Lucknow over four days, from Tuesday, April 8, 2025 to Friday, April 11, 2025. The company also separately noted that its official email ID (shareholderservice@ansalapi.com) and other company emails, which had been disrupted, have now been restored. No further details on the nature of the tax investigation or any findings have been disclosed at this stage.
Income tax searches typically create short-term uncertainty and negative sentiment around a stock, as the outcome and potential financial liability remain unknown. Retail investors should watch for further disclosures from the company regarding any tax demand, penalty, or other findings from the proceedings.