Income tax search conducted at company locations

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

The Income Tax Department searched some Redtape locations from September 11 to September 16, 2025. The company said it fully cooperated with officials, answered requests for information, and that normal business operations continue. No tax demand, penalty, investigation outcome, or financial impact was disclosed.

Likely market impact

The search may increase near-term stock uncertainty due to possible tax scrutiny, but operations are unaffected and no financial amount has been stated.