with reference to caption subject , we would like to clarify that our IT system and ERP were shut down during the Income Tax Department''s search operation under the income Tax Act, 1961 ....
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Awaiting price reaction for this filing.
Shree Ajit Pulp and Paper has explained to BSE why it was late in disclosing a material event. The Income Tax Department conducted a search operation at the company's offices and manufacturing facilities from September 2 to September 6, 2025, under the Income Tax Act, 1961. During this period, the company's IT systems and ERP were shut down, which made it impossible to notify the stock exchange within the required 24-hour window. BSE had flagged the delay, and the company is clarifying the reason for late filing.
Shareholders should note that the company faced an Income Tax Department search, which could lead to potential tax liabilities or penalties. The delayed disclosure itself may attract scrutiny from regulators, and any adverse findings from the search could negatively affect the stock price.