IT search at Akums Drugs and Pharmaceuticals Limited

Income Tax Department ("IT Department") conducted search under the Income Tax Act, 1961 at the offices and manufacturing units of Akums Drugs and Pharmaceuticals Limited and its subsidiaries. We have fully cooperated with the officials of IT Department during the search and responded to the clarifications and details sought by them. We will continue to provide any further clarification/information that may be required.

Akums is a law-abiding Company and follows the best corporate governance practices. We have extended our full cooperation to the officials of the IT Department in this regard.

The business operations of the Company continue as usual except some minor hiccups. We will comply with legal obligation in relation to disclosure(s) from time to time.

Shares of Akums Drugs and Pharmaceuticals Limited was last trading in BSE at Rs. 579.45 as compared to the previous close of Rs. 581.75. The total number of shares traded during the day was 9262 in over 738 trades.

The stock hit an intraday high of Rs. 593.60 and intraday low of 568.55. The net turnover during the day was Rs. 5363820.00.

Source : Equity Bulls

Keywords

AkumsDrugsandPharmaceuticals AKUMS INE09XN01023 ITDepartment ITSearch