Statement from Krsnaa Diagnostics on IT survey

As notified to the regulatory Exchange on July 29, 2022, the Income Tax Officials had visited our premises in Pune. We have co-operated with all the necessary documents/data and continue to cooperate with the authorities if required. We conduct our business with utmost integrity and sincerity. None of the figures or allegations mentioned in the news report are borne out of any regulatory documents served on us and hence we deny the allegations made in the press reports and would like to clarify that the reports are speculative.

Also, the news report stating Krsnaa Diagnostics has accepted INR 100 crores of undisclosed income is incorrect and baseless. We would like to state since the authorities have not concluded their assessment and hence there were no claims of INR 100 crores served on us and therefore no grounds for us to accept it. Further the revenue numbers stated for 31 March 2019 and 31 March 2021 in the news report are also incorrect and misleading. We reiterate that the news report is baseless, misleading and incorrect, since no such demand was made by the Income Tax authorities.

Krsnaa Diagnostics is a law-abiding organization that aims to improve medical diagnostics to world class levels and have introduced affordable diagnostics for the benefit of patients at large.

As a listed organization, we maintain highest standards of Corporate Governance and are conscious of our disclosure obligations under the SEBI rules. The Company will duly keep the stock exchanges and shareholders informed on the developments.

This statement is for your records and to inform Company investors of the correct position instead of being misled by the press articles.

Shares of Krsnaa Diagnostics Ltd was last trading in BSE at Rs. 536.85 as compared to the previous close of Rs. 553.15. The total number of shares traded during the day was 8229 in over 821 trades.

The stock hit an intraday high of Rs. 551.90 and intraday low of 532.05. The net turnover during the day was Rs. 4421109.00.

Source : Equity Bulls

Keywords

KrsnaaDiagnostics INE08LI01020 HealthcareServices ITSurvey Statement