Polycab India refutes rumours of Tax Evasion

Polycab India, a leading electrical goods company, denies any rumours of tax evasion by the Company circulating in media.

The Company asserts its commitment to compliance and transparency, having fully cooperated with the Income Tax Department officials during the search proceedings in Dec '23. The Company has not received any communication from the Income-tax department regarding the outcome of the search.

Polycab India remains focused on its mission to provide quality products and services to its customers while upholding the principles of corporate governance and ethical business practices.

Shares of Polycab India Limited was last trading in BSE at Rs. 4867.55 as compared to the previous close of Rs. 5344.75. The total number of shares traded during the day was 262433 in over 42032 trades.

The stock hit an intraday high of Rs. 5401.55 and intraday low of 4850.00. The net turnover during the day was Rs. 1317796675.00.

Source : Equity Bulls

Keywords

PolycabIndia INE455K01017 TaxEvasion Rumours Denial