The officials of Income-Tax Department has conducted search at Divis Laboratories’ Head Office, Research Centre and Manufacturing sites from February 14, 2019 to February 18, 2019 under Section 132 of the Income-Tax Act.
The company has extended full co-operation to the officials during the search and provided all the information sought. The search operation concluded on February 18, 2019 and no irregularities have been found.
Divis Laboratories focussed on developing new processes for the production of Active Pharma Ingredients (APIs) & Intermediates. The company in a matter of short time expanded its breadth of operations to provide complete turnkey solutions to the domestic Indian pharmaceutical industry.