Regulatory13 Oct 2026, 06:40 pm
Maithan Alloys' Visakhapatnam Unit Subject to Customs Search & Seizure
AI Summary
Maithan Alloys Ltd disclosed a search and seizure operation conducted by the Directorate of Revenue Intelligence (Customs Department) at its Visakhapatnam Unit. The operation commenced on October 9, 2026, and concluded on October 10, 2026. The company extended its fullest cooperation to the authorities. Maithan Alloys stated that there is no financial impact at this point in time, and business operations continued without any disruption despite the search. The disclosure was made under Regulation 30 of SEBI (LODR), 2015, with an inadvertent delay.
Key Highlights
- Customs Department conducted search and seizure at Visakhapatnam unit.
- Operation took place from October 9 to October 10, 2026.
- Company reported no financial impact or operational disruption.
- Maithan Alloys fully cooperated with the investigating authorities.
- Disclosure was made under SEBI Regulation 30 with a slight delay.
Price Impact
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