we hereby inform you that the Income Tax Department (the Department) are carrying out search operation under the Income Tax Act, 1961 at our offices and manufacturing units since September ....
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Shree Ajit Pulp And Paper Ltd informed BSE that the Income Tax Department has been conducting a search operation at its offices and manufacturing units since September 2, 2025, under the Income Tax Act, 1961. The company stated it is fully cooperating with officials and has been providing clarifications and details as requested. Business operations have continued as usual without any disruption. The disclosure was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.
Such tax searches typically create short-term uncertainty and negative sentiment around the stock, even though the company claims no operational impact. Investors should watch for any further developments, including potential tax demands, penalties, or follow-up actions, which could materially affect financials if they arise.