KEI Industries Limited has informed the Exchange about Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 ( the Listing Regulations )
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The Income Tax Department conducted a Search and Seizure operation at KEI Industries' Registered Office in New Delhi, several manufacturing plants, and residences of the Promoter and some Executives. The operation began on May 7, 2026 and concluded by late night on May 12, 2026. The Company has fully cooperated with IT Department officials and provided all documents and clarifications sought. The financial impact cannot be quantified at this stage. The Company will update exchanges once a direction or order is received from the IT Department.
This creates uncertainty for shareholders as potential tax liabilities or penalties remain unknown. The stock may face negative sentiment until the IT Department issues its final order, which could take weeks or months.