Grasim Industries Limited has disclosed that the Superintendent, Office of the Commissioner of Customs, Indore, conducted a search at its Cellulosic Staple Fiber Business manufacturing unit in Nagda, Ujjain, Madhya Pradesh. The search, initiated under Section 105 of the Customs Act, 1962, focused on import-export transactions and concluded on September 12, 2026. The company stated full cooperation and that there is no material impact on its financial or operational activities.
Customs Search at Nagda Unit
Grasim Industries Limited announced today that the Office of the Commissioner of Customs, Indore, conducted a search at its manufacturing unit located in Birlagram, Nagda, Ujjain, Madhya Pradesh. The search, pertaining to the Cellulosic Staple Fiber Business, was carried out under the provisions of Section 105 of the Customs Act, 1962.
Details of the Search
The authorities reviewed records and sought information primarily related to import-export transactions. The company confirmed that the unit cooperated fully, providing all requested information and statements. The search was initiated on the evening of September 11, 2026, and concluded on the morning of September 12, 2026.
No Material Impact
Grasim Industries stated that no show-cause notice or order has been issued by the authorities to date. The company has assessed that there is no material impact on its financial, operational, or other activities as a result of this search. Business operations at the unit are expected to continue as usual.
Source: BSE
