Akums Medicine and Prescribed drugs Ltd stated, the Earnings Tax (IT) Division had carried out a search on the workplaces 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.
“We’ve got absolutely cooperated with the officers of IT Division through the search and responded to the clarifications and particulars sought by them. We’ll proceed to offer any additional clarification/info which may be required,” the corporate instructed the inventory change. “The enterprise operations of the corporate proceed as normal besides some minor hiccups,” it added.
A contract manufacturing and improvement organisation, Akums stated 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 underneath overview, we’ve got absolutely cooperated with the Division and are dedicated to supporting the method.”
