Officials from the Income Tax Department visited some of Marico’s offices and manufacturing units in India. The proceedings are underway, and Marico is extending its full cooperation to the officials. The company stated that there is currently no material impact on business operations. Further updates will be disclosed as necessary.
Income Tax Department Visit
Earlier today, officials from the Income Tax Department visited some of the company’s offices and manufacturing units located in India. Marico is fully cooperating with the officials during the ongoing proceedings.
No Material Impact Anticipated
At this time, Marico believes that the visit from the Income Tax Department will not have a material impact on the company’s business operations. The company will provide updates if there are any further developments that require disclosure.
Source: BSE