Akums Drugs and Pharmaceuticals Limited — Important, 23-01-2025: Updates

The Income Tax Department conducted a search at the offices and manufacturing units of Akums Pharmaceuticals, as well as the residences of key executives, between January 15 and January 21, 2025. The company reported extending full cooperation during the search and has not received any assessment orders or written communications regarding findings or potential violations. Business operations are continuing normally, with only minor disruptions noted, and no financial demands have been made by the authorities so far. Investors should monitor the situation for any updates, as the company will disclose any material developments related to the proceedings.