Kaya Limited , a leading skincare and wellness company, has announced the completion of an income tax survey conducted at its head office and one of its clinics in India. The company has stated that it fully cooperated with the authorities during the process.

Survey Details

The income tax survey, carried out under Section 133A of the Income Tax Act, 1961, was conducted by the Income Tax Department at Kaya's head office and one of its clinic locations. This action follows an earlier intimation by the company regarding the commencement of the survey.

Company's Response

In a regulatory filing to the stock exchanges, Kaya Limited confirmed that the survey action has been concluded. Nitika Dalmia, Company Secretary & Compliance Officer of Kaya Limited, stated, "The said action has been completed and the Company extended its full co-operation on the matter."

No Material Impact

The company has emphasized that there are no further material updates that require disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This suggests that the survey has not resulted in any significant findings or immediate consequences for the company.

About Kaya Limited

Kaya Limited, with its registered office in Mumbai, is a well-known player in the skincare and wellness industry. The company operates a network of clinics offering various beauty and skincare services. Kaya's commitment to transparency is evident in its prompt disclosure of the income tax survey to its shareholders and the public.

Investors and stakeholders of Kaya Limited can take note that the company has complied with the regulatory requirements by providing timely updates on this matter. As of now, the company indicates that no further action is required following the completion of the income tax survey.

Kaya Limited , a prominent player in the skincare and beauty services industry, has reported that tax officials recently conducted visits to its head office and clinic facilities. The company has assured stakeholders that these visits have not significantly impacted its business operations.

Tax Department Visits

According to a regulatory filing by Kaya, officials from the Income Tax Department visited the company's head office and one of its clinics in India. The company stated that the proceedings are currently underway.

Company's Response

Kaya has emphasized its full cooperation with the tax officials during this process. In its communication to the stock exchanges, the company assured:

"The Company is extending its full co-operation to the officials. Currently, there is no material impact on the business operations of the Company due to the aforesaid action."

Business Continuity

Despite the ongoing tax proceedings, Kaya has reported that its business operations continue to function normally. This statement aims to allay any concerns that investors or customers might have regarding the company's day-to-day activities.

Regulatory Compliance

In line with its obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kaya has committed to making necessary disclosures if any material updates arise from this situation. The company stated:

"In the event there is any further material update that requires intimation under the SEBI Listing Regulations, the Company will make necessary disclosures in accordance with regulatory provisions."

This proactive approach to communication underscores Kaya's commitment to transparency and regulatory compliance.

As the situation develops, stakeholders will be watching closely for any further updates from the company or regulatory authorities regarding the outcome of these tax department visits.