The Exchange has sought clarification from KEI Industries Limited with respect to recent news item captioned KEI Industries Shares Tumble More Than 3% Amid Reports Of Income Tax Dept Raids. The response from the Company is attached.
KEI · price
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The Income Tax Department conducted a search on May 7, 2026, at KEI Industries' Registered Office, plants, and other locations. The company stated it is fully cooperating with authorities and providing all necessary information and support. KEI Industries affirmed its commitment to ethical conduct, legal compliance, transparency, and belief in due process. The company will update stock exchanges if any material information emerges after the search concludes. This clarification was sought following news reports of the company's shares falling more than 3%.
The IT Department raid has caused investor concern, leading to a share price decline. The outcome of the search could have potential implications depending on findings, though the company maintains it operates with full legal compliance.