Income Tax Department Conducts Search at Ganesh Benzoplast's Premises

Ganesh Benzoplast Limited, a company listed on both the BSE and NSE, has reported that the Income Tax Department has conducted searches at its corporate office and the residence of its promoter director. The company disclosed this information in a regulatory filing, adhering to the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements.

Key Details of the Search Operation

According to the company's disclosure, the following details have emerged:

Aspect	Details
Authority Conducting Search	Income Tax Department
Date of Search	October 7, 2025
Locations Searched	1. Corporate Office of Ganesh Benzoplast Limited 2. Residential premises of the promoter director
Nature of Action	Survey/search operation under the provisions of the Income Tax Act, 1961
Current Status	Proceedings are ongoing

Company's Response

Ganesh Benzoplast has stated that the proceedings are currently underway, and the company is unable to ascertain any potential liability at this stage. The company emphasized its commitment to transparency by promptly disclosing this development to the stock exchanges.

Regulatory Compliance

In line with SEBI regulations, Ganesh Benzoplast provided additional details as required under Clause 19 of Para A of Part A of Schedule III of the SEBI LODR Regulations, read with the SEBI Master Circular dated November 11, 2024. This demonstrates the company's adherence to regulatory requirements even in challenging circumstances.

Potential Implications

While the specific reasons for the Income Tax Department's search operation have not been disclosed, such actions often indicate that the authorities are examining the company's financial records and transactions. It's important to note that a search operation does not necessarily imply wrongdoing, but rather an intensive scrutiny of financial matters.

Investors and stakeholders of Ganesh Benzoplast will likely be watching closely for any further developments or disclosures from the company regarding this matter. The outcome of these proceedings could potentially impact the company's financial position and market perception, although the extent of any such impact remains uncertain at this time.

As the situation unfolds, Ganesh Benzoplast is expected to provide updates to the stock exchanges and its shareholders in accordance with regulatory requirements. Stakeholders are advised to stay informed through official company communications and regulatory filings.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.30%	-4.17%	-7.28%	-28.36%	-40.96%	-11.48%

Ganesh Benzoplast Limited (GBL), a company listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), has announced the completion of a survey conducted by the Income Tax Department. The company, known for its infrastructure and chemical manufacturing operations, provided full cooperation throughout the proceedings.

Survey Details

According to the company's disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the survey/search operation commenced on October 10 and concluded on October 12. Ganesh Benzoplast emphasized its commitment to transparency by extending complete cooperation to the Income Tax Department during the three-day process.

Company's Response

In a filing to the stock exchanges on October 13, Ekta Dhanda, Company Secretary & Compliance Officer of Ganesh Benzoplast, stated:

"The said survey/search was completed on October 12, and the Company has extended full cooperation to the Department."

This statement underscores the company's approach to regulatory compliance and its willingness to assist with official inquiries.

Impact on Operations

While the company has not provided specific details about the nature or scope of the survey, it is important to note that such proceedings are not uncommon in the corporate world and do not necessarily imply any wrongdoing. Ganesh Benzoplast's prompt disclosure and cooperative stance demonstrate its commitment to maintaining open communication with shareholders and regulatory bodies.

Investors and stakeholders will likely monitor any potential outcomes or further disclosures related to this survey. As of now, the company has not reported any material impact on its day-to-day operations resulting from the Income Tax Department's actions.

Ganesh Benzoplast Limited continues to operate its core businesses, which include liquid storage terminals and chemical manufacturing.

As this situation develops, stakeholders are advised to stay tuned for any additional information that the company may provide in accordance with regulatory requirements.