Akums Medication and Prescription drugs Ltd mentioned, the Revenue Tax (I-T) Division had carried out a search on the workplaces and manufacturing items of the corporate and its subsidiaries.
The corporate’s inventory value ended down 7 per cent at ₹581.75, on the BSE, Wednesday.
“We’ve got totally cooperated with the officers of I-T Division through the search and responded to the clarifications and particulars sought by them. We are going to proceed to offer any additional clarification/info that could be required,” the corporate informed the inventory trade. “The enterprise operations of the corporate proceed as standard besides some minor hiccups,” it added.
A contract manufacturing and improvement organisation, Akums mentioned in a communication to the media, “Our procedures and documentation strictly adhere to authorized and regulatory necessities, making certain full compliance and fostering belief amongst stakeholders. Whereas the matter stays beneath assessment, we now have totally cooperated with the Division and are dedicated to supporting the method.”
