Income tax search at company premises; operations continue

Enforcement RaidRegulatory & Legal View source PDF Explain this filing

REDTAPE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.9%Reaction day

₹137.24

prior close

₹136.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.5%+1.3% vs market

Footwear peers, median of 10sector+1.7%+0.2% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 0.2 pts more than its Footwear peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.1

10m

+1.3

15m

+1.6

30m

+2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.9+0.5+1.3+1.7+0.2

Next day

+10.7+1.2+9.6+4.0+6.7

+17.6+0.9+16.6+3.0+14.6

+17.7+1.3+16.4+2.4+15.3

+13.6+0.6+13.0+1.7+11.9

+15.1+0.3+14.9+0.9+14.2

+9.9-1.1+11.0-0.5+10.4

15d

-0.9-2.6+1.7-5.2+4.3

-1.8-1.9+0.1-2.6+0.8

-2.8-1.0-1.9-8.5+5.6

-8.2-6.7-1.5-15.5+7.3

UpDownMarket · Nifty Microcap 250Sector · Footwear peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Income Tax Department officials conducted search proceedings at some Redtape locations from September 11 to September 16, 2025. The company said it fully cooperated, answered official queries and that business operations continued as usual. The exchange had sought clarification following media reports of an ongoing tax investigation.

Likely market impact

Creates uncertainty over possible tax liabilities, but no penalty, financial impact or business disruption has been disclosed.