Tax & Penalty24 Sept 2026, 10:06 pm
VLS Finance Promoter's Assets Provisionally Attached by IT Dept
AI Summary
VLS Finance Ltd announced that the Income Tax Department has provisionally attached assets of its promoter, the late Shri Mahesh Prasad Mehrotra, under the Black Money Act. This action impacts 541,393 equity shares held by Ms. Divya Mehrotra and 1 equity share held by Shri Mahesh Prasad Mehrotra. The company stated that this order is not expected to have any material impact on its financials, operations, or other activities.
Key Highlights
- Income Tax Dept provisionally attached promoter's assets.
- Attachment impacts 541,394 equity shares of VLS Finance.
- Company expects no material impact on financials or operations.
- Action taken under Black Money (Undisclosed Foreign Income and Assets) Act.
Price Impact
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