Tax & Penalty12 May 2026, 06:51 pm
Greenply: Income Tax Dept Search & Seizure Concluded
AI Summary
Greenply Industries Ltd. announced that the Income Tax Department conducted a search and seizure at its registered office, some other locations including a manufacturing unit, the manufacturing unit of Greenply Sandila Private Limited (WOS), the residence of the promoter, and a few executives of the company on February 26, 2026. The search and seizure concluded on March 2, 2026. The company has extended its full cooperation to the authorities. Business operations continued without disruption. The financial impact is not quantifiable at this time.
Key Highlights
- Income Tax Department conducted Search and Seizure at Greenply locations.
- Search and Seizure commenced on February 26, 2026, and concluded on March 2, 2026.
- Greenply extended full cooperation; business operations continued without disruption.
- Financial impact is currently not quantifiable.
Price Impact
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