FDC Limited confirmed that the Goods & Service Tax Department of Maharashtra initiated an inspection/search proceeding at its Corporate Office in Andheri West, Mumbai, on February 10, 2026, at 1615 hours. The inspection relates to areas concerning tax payment, Input Tax Credit (ITC) claims, and refunds. The Company is extending full cooperation, and management assures that business operations continue as usual with no immediate financial impact reported.
Tax Authority Initiates Inspection Proceedings
FDC Limited issued a formal notification regarding regulatory disclosure procedures concerning an action taken by a government authority. On February 10, 2026, the Goods & Service Tax Department, Maharashtra, commenced an inspection/search proceeding.
The proceedings were initiated at the Company’s Corporate office located in Andheri West, Mumbai. The notification confirms that the inspection began at 1615 hours on the stated date, pursuant to the authority’s power under Section 67 of the Maharashtra Goods & Service Tax Act, 2017.
Scope of the Investigation
The scope of the ongoing inspection/search primarily covers areas related to the payment of tax, the claim of input tax credit (ITC), and matters concerning tax refunds.
The Company has affirmed its commitment to extending full co-operation and assistance to the visiting authorities throughout the process.
Business Continuity and Financial Impact Assessment
FDC Limited emphasized that the initiation of this inspection/search has no financial impact on the Company. Furthermore, it has not impacted the operations of the Company, and business operations continue as usual during the duration of the inspection.
The Company has pledged to provide further material development updates upon the conclusion of the inspection. The announcement was duly authorized and signed by Varsharani Katre, Company Secretary & Legal Head.
Source: BSE
