Kopran Limited Discloses GST Authority Search at Mumbai and Maharashtra Facilities
Kopran Limited disclosed that Maharashtra GST authorities initiated search operations on January 21, 2026, at its Mumbai office and Khopoli manufacturing facilities under Section 67 of the state GST Act. The company is cooperating fully with the ongoing investigation, though officials have not shared details about alleged violations. Normal operations remain unaffected with no financial impact notified by authorities.
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Kopran Limited has informed stock exchanges about a GST authority search operation initiated at its facilities on January 21, 2026. The Maharashtra State GST authorities conducted the search under Section 67 of the Maharashtra Goods and Services Tax Act, 2017, targeting the company's registered office in Mumbai and manufacturing facilities at Khopoli, Raigad, Maharashtra.
Search Operation Details
The company disclosed the development through a regulatory filing with BSE and NSE, as required under Regulation 30 of SEBI (LODR) Regulations, 2015. The search operation remains ongoing, with Kopran Limited stating it is fully cooperating with authorities by providing all requested data and documentation.
| Parameter | Details |
|---|---|
| Conducting Authority | Deputy Commissioner of State Tax, SGST (Maharashtra) |
| Legal Provision | Section 67 of Maharashtra Goods & Service Tax Act, 2017 |
| Search Date | January 21, 2026 |
| Locations Covered | Mumbai registered office and Khopoli facilities |
Current Status and Impact
According to the company's disclosure, GST officials have not shared specific details regarding any violations or contraventions allegedly committed by Kopran Limited. The authorities have not communicated the nature of suspected irregularities that prompted the search operation.
The company emphasized that the inspection has not disrupted normal operations at its factories and offices. Additionally, authorities have not notified any financial implications or monetary impact arising from the search proceedings.
Regulatory Compliance
Kopran Limited's disclosure follows the SEBI master circular requirements dated November 11, 2024, which mandates listed entities to inform exchanges about regulatory actions. The company provided comprehensive details as specified in the circular, including:
- Nature and details of actions taken by authorities
- Date of initiation of search operations
- Current status of alleged violations
- Assessment of operational and financial impact
Company Response
The pharmaceutical company has assured stakeholders of its complete cooperation with the ongoing investigation. Company Secretary and Compliance Officer Sunil Sodhani signed the regulatory disclosure, confirming the company's commitment to transparency and regulatory compliance throughout the process.
The search operation represents a significant regulatory development for Kopran Limited, though the company maintains that business operations continue without disruption. The outcome of the GST authorities' investigation remains pending, with no timeline specified for completion of the search proceedings.
Historical Stock Returns for Kopran
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.41% | -8.37% | +4.17% | -23.97% | -34.82% | +4.92% |
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