Akums Medicine and Prescription drugs Ltd mentioned, the Revenue Tax (I-T) Division had carried out a search on the places of work and manufacturing models of the corporate and its subsidiaries.
The corporate’s inventory worth ended down 7 per cent at ₹581.75, on the BSE, Wednesday.
“Now we have totally cooperated with the officers of I-T Division throughout the search and responded to the clarifications and particulars sought by them. We’ll proceed to offer any additional clarification/info that could be required,” the corporate instructed the inventory change. “The enterprise operations of the corporate proceed as common besides some minor hiccups,” it added.
A contract manufacturing and growth organisation, Akums mentioned in a communication to the media, “Our procedures and documentation strictly adhere to authorized and regulatory necessities, making certain full compliance and fostering belief amongst stakeholders. Whereas the matter stays beneath assessment, we now have totally cooperated with the Division and are dedicated to supporting the method.”
