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Astral trades lower after search operation by Income Tax Department

Thee Search Operation was carried out by Income Tax Department at various locations of the company during the period from November 23, 2021, to November 27, 2021.

November 29, 2021 9:46 IST | India Infoline News Service
Astral Limited informed the exchanges Sunday that the search operation was carried out by Income Tax Department at various locations of the Company during the period from November 23, 2021, to November 27, 2021.

“During the search operations as a responsible Company, all concerned employees/staff of the Company extended their full co-operation to the Income Tax Officials and provided all the required information/documents.

We do not foresee any material impact on the Company’s current or future business plans.

Further, as an organization, Astral continues to conform to the highest standards of corporate governance as demonstrated in the past. This clarification is being provided to the Stock Exchanges in order to put to rest any speculative or baseless information circulating without the endorsement of the Company.

At around 9.50 am, Astral Ltd was trading at Rs2,121.20 per piece down by Rs19.15 or 0.89% from its previous closing of Rs2,140.35 per piece on the BSE.

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