FDC Limited Reports GST Department Inspection at Corporate Office in Mumbai
FDC Limited disclosed that Maharashtra GST Department initiated inspection proceedings at its Mumbai corporate office on February 10, 2026, covering areas like tax payments and input tax credits. The company reported no financial or operational impact from the ongoing inspection and confirmed business operations continue normally while extending full cooperation to authorities.
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FDC Limited has informed stock exchanges about inspection proceedings initiated by the Maharashtra Goods & Service Tax Department at its corporate office in Mumbai on February 10, 2026. The pharmaceutical company disclosed this development in compliance with SEBI listing regulations.
Inspection Details and Scope
The GST Department initiated the inspection and search proceedings at FDC Limited's corporate office located at FDC House, Andheri West, Mumbai at 1615 hours on February 10, 2026. The proceedings are being conducted under sub-section (1) and sub-section (2) of Section 67 of the Maharashtra Goods & Service Tax Act, 2017.
| Parameter | Details |
|---|---|
| Conducting Authority | Deputy Commissioner of State Tax, Maharashtra |
| Date and Time | February 10, 2026 at 1615 hours |
| Location | FDC House, Andheri West, Mumbai |
| Legal Framework | Section 67 of Maharashtra GST Act, 2017 |
Areas Under Review
The inspection covers multiple aspects of the company's GST compliance. The proceedings relate to areas including payment of tax, claim of input tax credit, and refund matters. These are standard areas typically examined during GST department inspections to ensure compliance with tax regulations.
Company's Response and Cooperation
FDC Limited has stated that it is extending full cooperation and assistance to the authorities during the ongoing inspection proceedings. The company emphasized that its business operations continue as usual during the inspection period, indicating minimal disruption to day-to-day activities.
Financial and Operational Impact
According to the company's disclosure, the initiation of the inspection and search proceedings has no financial impact on FDC Limited. The company has also confirmed that the inspection has not impacted its operations, with all business activities continuing normally.
| Impact Assessment | Status |
|---|---|
| Financial Impact | No impact reported |
| Operational Impact | No impact on operations |
| Business Continuity | Operations continue as usual |
The company has committed to informing stakeholders about any material developments upon conclusion of the inspection proceedings. This disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Historical Stock Returns for FDC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.47% | +2.49% | -2.19% | -17.57% | -15.06% | +40.91% |
