Pursuant to Regulation 30 read with Schedule III and other applicable provisions of the Listing Regulations and in continuation to our earlier communication dated 07.05.2026 we hereby inform ....
KEI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Income Tax Department has concluded its Search and Seizure operations at KEI Industries' Registered Office, manufacturing plants, and other locations, as well as at the residences of the Promoter and some executives. The operation commenced on 7th May 2026 and concluded on 12th May 2026. The Company states it has fully cooperated with IT officials and provided all requested details and documents. The financial impact of this operation cannot be quantified at this stage. This filing is a continuation of an earlier communication from 7th May 2026.
This is a negative development as it involves a tax search operation affecting the company, its promoter, and key executives. While the company claims cooperation, the outcome remains uncertain and could potentially lead to tax demands, penalties, or reputational damage affecting investor confidence.