“We wish to inform you that the Additional Commissioner of Taxes, Mumbai, initiated a search/inspection at our headquarters in Pune and one of our warehouses in Bamboli, Maharashtra on November 6, 2024.We are cooperating with the authorities. “We are responding to all clarifications and details requested by the authorities,” the company said in an exchange filing.
The company also assured that the investigation has not affected its operations and normal business activities are continuing as usual.
According to filings shared with stock exchanges, the inspection was initiated by the GST department on November 6, but the agency is yet to share details with the company regarding the violations committed or allegedly committed by FirstCry. Not yet.
Further details regarding this matter are not available at this time.
Also read: M&M Q2 results: PAT rises 13% YoY to 3,841 crs, beats expectations
In a separate filing with the exchanges today, the company notified that its board of directors will meet on November 14 to review and approve its second quarter results.
“This is to inform you that our board of directors is scheduled to meet on Thursday, November 14, 2024, to, among other things, consider and approve our unaudited financial results (single and consolidated).” “For the quarter and six months ending September 30, 2024,” the application states.
According to BSE analysis, Far’s Cry shares have fallen 4.2% in the past month and 6% in the past two weeks.
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