Akums Medicine and Prescription drugs Ltd mentioned, the Earnings Tax (I-T) Division had carried out a search on the places of work and manufacturing models of the corporate and its subsidiaries.
The corporate’s inventory value ended down 7 per cent at ₹581.75, on the BSE, Wednesday.
“We now have 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 supply any additional clarification/data that could be required,” the corporate instructed the inventory trade. “The enterprise operations of the corporate proceed as traditional 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, guaranteeing full compliance and fostering belief amongst stakeholders. Whereas the matter stays underneath evaluate, we’ve totally cooperated with the Division and are dedicated to supporting the method.”
