Further to the letter no. DNL/138/BSE{991/2018 dated November 27, 2018 regarding search operations carried by Income Tax Authorities, Deepak Nitrite has informed that the company do not expect the search operations to have any material adverse impact on performance of the company and the continues to operate in the normal course of business. The company operates with the highest standards of corporate governance and accounting practices and is therefore confident that they will be able to satisfy the Income Tax Authorities about any queries raised. Material developments, if any, in the matter will be intimated in due course of time.
The above information is a part of company’s filings submitted to BSE.