Regaal Resources Ltd said the Directorate General of GST Intelligence (DGGI) conducted a search at its premises, but no penalty or assessment has been passed against the company. Management emphasized business continuity and compliance, noting it will cooperate with authorities. The firm reiterated that there are no material adverse developments at present.
Compliance-first stance amid regulatory visit
Regaal Resources Ltd has issued a clarification following a DGGI search at its offices. The company stated that the visit was investigative in nature and, as of now, there has been no penalty, show-cause notice, or tax assessment concluded against Regaal Resources. Management underscored ongoing cooperation with the authorities and affirmed that regular operations, customer deliveries, and supply-chain commitments remain unaffected.
The disclosure aims to reassure investors and partners that there are no additional material events beyond the search. Regaal reiterated its adherence to GST and corporate governance standards and said any further developments will be communicated through official exchange filings to ensure transparency.
Major takeaways / important points
Regulatory update: DGGI conducted a search; no penalty or assessment issued.
Business continuity: Operations and deliveries remain on schedule.
Compliance posture: Company reiterates GST and governance adherence.
Investor communication: No other material developments; updates via exchanges.
Next steps: Continued cooperation with authorities; monitoring for formal communications.
Sources: Company exchange filing (BSE/NSE); Business Standard Corporate Desk; Economic Times Corporate Updates.