ED Probe / Tax Survey announcements

Nova Iron & Steel ED Probe / Tax Survey

Nova Iron & Steel received a Provisional Attachment Order from the ED, New Delhi. The company is currently evaluating the order for legal recourse.

Rajesh Exports ED Probe / Tax Survey

Enforcement Directorate conducted a search at Rajesh Exports' premises. No discrepancies or seizures of valuable items were reported.

Reliance Infrastructure ED Probe / Tax Survey

PMLA Adjudicating Authority confirmed provisional attachment of Reliance Infrastructure's shareholding in three subsidiaries. The Rs.1,575 crore attachment relates to alleged violations from 2017-2019.

Value

₹1,575 Cr

Chowgule Steamships ED Probe / Tax Survey

Chowgule Steamships' Whole Time Director received an ED summons for attendance under FEMA and Income Tax regulations. The company reports no material financial or operational impact.

V-Marc India ED Probe / Tax Survey

Uttarakhand GST authorities conducted a survey and search at V-MARC India's business premises. Management reported no material impact on operations or financials from the proceedings.

Hindustan Zinc ED Probe / Tax Survey

Hindustan Zinc reported a search operation by the Directorate of Enforcement under FEMA regulations. The company stated there is no immediate impact on operations or financials.

Vedanta ED Probe / Tax Survey

Vedanta Limited disclosed that the Enforcement Directorate visited its offices and subsidiary Hindustan Zinc Limited. The company is cooperating with authorities and providing all requested information.

Cochin Minerals & Rutile ED Probe / Tax Survey

Enforcement Directorate officials conducted raids at Cochin Minerals' Aluva office and senior officials' residences. The company reported full cooperation with the ongoing investigation.