Announced Tue, 18 Aug · 19:41 IST
Income Tax Department begins proceedings against Gala Precision Engineering
GALAPREC · 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
-2.7%1-day move
₹1065.00
prior close
₹1065.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.1-3.3-3.8-4.1-2.7+2.2————————
Up moveDown movePending
AI summary
Income Tax Department officials commenced proceedings on 18 August 2026 at the company registered office and at the residence of promoter Mr. Kirit Gala. The company says it is fully cooperating and providing documents sought. No specific violation has been communicated yet, business operations remain unaffected, and financial impact cannot be quantified as the proceeding is still ongoing.
Likely market impact
Early-stage tax proceeding with no quantified impact yet. Watch for updates on any demand, penalty, or material financial hit.