Disclosure of Search & Seizure action under Section 132 of the Income Tax Act, 2013 on 15.12.2025 in the Company and its directors, namely Mr. Anurag Rathi & Mr. Uddhav Rathi
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Rathi Bars Ltd disclosed that an Income Tax search and seizure action was conducted on December 15, 2025, under Section 132 of the Income Tax Act, 1961, targeting the company and its two directors, Mr. Anurag Rathi and Mr. Uddhav Rathi. The search was carried out simultaneously at multiple locations, including the company's registered office and head office in New Delhi (which concluded on December 19), its factory in Bhiwadi, Rajasthan (which concluded on December 18), and the residences of both directors in New Delhi (which concluded on the same day). The action lasted roughly 3-4 days across locations and the company has made this disclosure under SEBI Listing Regulations. No details of what was seized or any alleged tax irregularities have been shared yet.
This is a negative development for shareholders — an Income Tax search typically signals scrutiny over alleged tax evasion or unaccounted income, which could lead to additional tax demands, penalties, and reputational damage. The stock may see short-term pressure and volatility until further clarity emerges on the outcome of the proceedings.