Akums Medication and Prescribed drugs Ltd mentioned, the Revenue Tax (IT) 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 absolutely cooperated with the officers of IT Division through the search and responded to the clarifications and particulars sought by them. We are going to proceed to offer any additional clarification/data which may be required,” the corporate advised the inventory alternate. “The enterprise operations of the corporate proceed as typical 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 below assessment, now we have absolutely cooperated with the Division and are dedicated to supporting the method.”
