Indo Count Industries Limited has announced that the Commissioner of State Tax, Maharashtra, initiated an inspection and search of the company’s premises on Wednesday, March 11, 2026, starting at 11:50 a.m. The action was taken under Section 67 of the Maharashtra Goods and Services Tax Act, 2017. The company affirms it is cooperating fully with the authorities. Currently, no material impact on financials or operations has been reported.
Official Intimation Regarding Tax Authority Action
Indo Count Industries Limited formally disclosed that its premises located in Maharashtra were subjected to an inspection and search by the Commissioner of State Tax, Maharashtra State. This action commenced on Wednesday, March 11, 2026, at 11:50 a.m. The legal basis for this measure is cited as Section 67 of the Maharashtra Goods and Services Tax Act, 2017.
Status of Cooperation and Compliance
The company confirmed that the process is actively underway. Management has committed to extending full cooperation and assistance to the authorities involved in this search and inspection process. At the time of this disclosure, the company stated that no communication regarding alleged violations or contraventions has been made.
Financial and Operational Impact Assessment
Indo Count Industries Limited has assessed the immediate consequences of the inspection. The announcement explicitly states that there is no impact on the financials, business operations, or any other activities of the entity due to the aforesaid inspection/search. The company reserves the right to issue further disclosures should any material development requiring intimation arise, in line with ongoing regulatory requirements.
Source: BSE
