Income Tax search and seizure at company and promoter premises

Enforcement raidRegulatory & Legal View source PDF Explain this filing

CONFIPET · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹42.20

prior close

₹42.25

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+0.9% vs market

LPG/CNG/PNG/LNG Supplier peers, median of 6sector-0.2%+1.8% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.8 pts more than its LPG/CNG/PNG/LNG Supplier peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

+0.6

15m

+0.7

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+0.7+0.9-0.2+1.8

Next day

+0.2+0.1+0.0-0.3+0.5

-2.0-1.0-1.0-2.0+0.1

-2.8-0.0-2.8-1.1-1.7

-2.4+0.5-2.9-1.6-0.8

-4.0+0.0-4.0-2.1-1.9

-0.1+2.1-2.2-1.9+1.7

15d

-1.3+2.9-4.1-1.2-0.1

-5.0+0.4-5.4-5.0-0.0

-21.6-5.0-16.7-11.2-10.5

-18.2-7.1-11.1-13.1-5.1

UpDownMarket · Nifty Microcap 250Sector · LPG/CNG/PNG/LNG Supplier peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Income Tax Department began search and seizure operations on October 7, 2025 at the company's office, plants, and residences of its promoter and directors. The operation was continuing as of October 9, 2025. The company said it would provide details of the impact and further developments.

Likely market impact

The action creates uncertainty and possible tax or financial risk, but the financial impact has not yet been quantified.