Welspun Investments & Commercials has informed that a search under Section 132 of the Income Tax Act, 1961 was conducted by Income Tax authorities at various locations of Welspun Group from June 30, 2017 to July 3, 2017. Welspun extended its full co-operation to the authorities. As the search was in progress, the company could not inform earlier.
The above information is a part of company’s filings submitted to BSE.