“…we hereby notify that the Assistant Commissioner of State Tax, Maharashtra, on February 24, 2026, initiated inspection/search proceedings at the corporate’s registered workplace and manufacturing unit located in Nashik within the State of Maharashtra. The inspection/search continuing is ongoing, and the corporate is extending full co-operation and help on this regard,” in keeping with a inventory alternate submitting.
The inspection was performed under Part 67 of the Maharashtra Items & Service Tax Act, 2017. VIP Industries acknowledged that the proceedings are ongoing and the corporate is offering full cooperation and help to the authorities.
Additionally Learn: VIP Industries shares soar 15% after promoter Piramal household completes stake sale to Multiples
No communication has been obtained concerning any violations or contraventions at this stage. The corporate additionally confirmed that there’s at present no materials influence on its financials, enterprise operations, or different actions because of the inspection.
“At current, there isn’t any materials influence on the financials, enterprise operations or another actions of the corporate because of the aforesaid Inspection / Search proceedings. Within the occasion there’s any materials replace that requires intimation under the SEBI Itemizing Laws, the corporate will make the required disclosures in accordance with regulatory provisions,” it added.
Shares of VIP Industries Ltd ended at ₹364.95, down by ₹7.05, or 1.90%, on the BSE.
Additionally Learn: Multiples’ Sankararaman charts VIP Industries turnaround, sees surge in household enterprise buyouts
(Edited by : Jomy Jos Pullokaran)
Source link
#VIP #Industries #Maharashtra #GST #inspection #Mumbai #Nashik #units #CNBC #TV18
