Income Tax officials visited company premises, AGM assessment underway
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Balgopal Commercial told BSE that Income Tax Department officials visited the company premises on September 28 and proceedings are ongoing. Directors and senior management are inside with phones switched off, and office access is restricted. The company cannot reach them or get details on the probe. The company is assessing the situation and may reschedule its AGM. Further updates will follow as the position becomes clear.
Uncertainty around the tax probe and possible AGM delay; negative near-term sentiment until more details emerge.