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.