Search Operation by Income Tax Department at Shah Alloys Ltd

The Income Tax Department carried out Search Operation at various locations of Shah Alloys Ltd during the period from 08th December, 2021 till 11th December, 2021.

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

The company does not foresee any material impact on the Company's current or future business operations. Further, the Company shall continue to conform to the highest standards of corporate governance, as demonstrated in the past.

Shares of Shah Alloys Limited was last trading in BSE at Rs. 52.95 as compared to the previous close of Rs. 55.70. The total number of shares traded during the day was 6853 in over 76 trades.

The stock hit an intraday high of Rs. 56.00 and intraday low of 52.95. The net turnover during the day was Rs. 366638.00.

Source : Equity Bulls

Keywords

ShahAlloys INE640C01011 ITSearch NoMaterialImpact