Flex Foods Limited updates on IT search

Flex Foods Limited has announced that the Search Operations by the Income Tax Department was carried out at various locations related to the Company from February 21, 2023 to February 27, 2023 (Morning). Further, as a responsible Company all the concerned employees / staff of the Company extended their full co-operation to the Income Tax Officials.

Presently, we do not foresee any material impact of the said Search Operations by the Income Tax Department on the Company's current or future business operations. Any further impact with respect to search will be announced.

As a responsible listed entity, the Company shall keep the public, investors and the authorities updated in the matter, if required, as per the applicable provisions of the SEBI. The delay in submission of intimation is due to the technical and administrative restrictions imposed on the functioning of the Company due to ongoing search proceedings.

Shares of FLEX FOODS LTD. was last trading in BSE at Rs. 86.55 as compared to the previous close of Rs. 89.30. The total number of shares traded during the day was 14242 in over 174 trades.

The stock hit an intraday high of Rs. 92.50 and intraday low of 85.00. The net turnover during the day was Rs. 1268491.00.

Source : Equity Bulls

Keywords

FLEXFOODS INE954B01018 IT SearchOperations