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Ashoka Buildcon Assures Stability In Spite of Tax Department's Search & Seizure Notice


Updated: June 12, 2025 13:02

Image Source : mechanical.co.in
Ashoka Buildcon Ltd. has asserted that its operations are not impacted, even though it received a search and seizure notice from the tax department. The company reiterated that it is fully cooperating with the authorities and business continuity at its infrastructure projects remains undisturbed.
 
Key Highlights:
 
  • Tax department serves search & seizure notice on Ashoka Buildcon.
  • The company assures stakeholders and investors that activities are not affected.
  • Ashoka Buildcon remains busy with significant projects, such as one ₹1,387 crore traffic management system in Maharashtra.
  • No short-term operating or financial interruptions noted.
  • Management is dedicated to compliance with regulations and transparency.
 
Despite regulatory overhang, Ashoka Buildcon maintains business stability, reiterating its emphasis on infrastructure development.
 
Source: Economic Times | MSN | UNI India

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