The Board of Directors at their Meeting held today i.e. Friday, 14th November, 2025, which commenced at 01.00 P.M. and concluded at 09:00 P.M. at the Registered Office of the Company situated ....
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The Board of Directors of Raghuvir Synthetics, at a meeting held on November 14, 2025, approved the unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2025, along with the Limited Review Report from auditor G.K. Choksi & Co. The auditor included an Emphasis of Matter in both the standalone and consolidated review reports, drawing attention to ongoing search operations by the Directorate General of GST Intelligence (DGGI), Ahmedabad Zonal Unit, under Section 67 of the CGST Act, 2017. The company has deposited Rs 1.88 Crores under protest during these operations. Management has stated it does not expect any material impact on the company's financial position or operations from this matter. The auditor has explicitly stated that it has not qualified its report in this regard.
Shareholders should note the pending GST investigation and the Rs 1.88 Crore deposit under protest, although the auditor has not qualified the results and management expects no material impact. The stock may see some volatility due to the ongoing DGGI matter, but the financial results themselves are presented without qualification.