N R Agarwal Industries Limited has informed the Exchange that in continuation to our letter dated September 02, 2025, search operations carried out by the Income Tax Department at the premises of the Company, including its plant locations and at the residences of certain Directors has been concluded and the regular business operations of the Company remains unaffected.The Company remains committed to conducting its business in compliance with all applicable laws and regulations.
NRAIL · price
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On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.3 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Income Tax Department had conducted search operations at the premises of N R Agarwal Industries Limited, including its plant locations and the residences of certain Directors. The search operations have now been concluded. The company has stated that its regular business operations remain unaffected and that it continues to be committed to complying with all applicable laws and regulations. This is a follow-up to the company's earlier disclosure dated September 02, 2025.
The conclusion of the search without a reported disruption to operations is mildly reassuring for shareholders, but the eventual outcome of the tax investigation (any demand, penalty, or assessment) is still pending and could carry future financial risk for the company.