Raymond Lifestyle Limited, a prominent player in the Indian lifestyle and textile industry, has recently completed an income tax survey conducted by the Income Tax Department. The company has reported that it provided full cooperation throughout the process, demonstrating its commitment to transparency and regulatory compliance.

Survey Details

According to the company's official statement to the stock exchanges, the survey action was carried out under Section 133A of the Income Tax Act, 1961. The survey commenced on September 26 and concluded on September 30.

Company's Response

In its regulatory filing, Raymond Lifestyle stated, "We hereby inform that the said action was completed yesterday evening, and the Company had extended its full co-operation on the matter." This proactive approach in addressing the survey and its outcome underscores the company's dedication to maintaining open lines of communication with its stakeholders.

Regulatory Compliance

The intimation was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation requires listed entities to disclose material events or information to the stock exchanges promptly.

Transparency Measures

In a move towards greater transparency, Raymond Lifestyle has made the intimation available on its official website at https://www.raymondlifestyle.com/ . This action allows shareholders and the public to access the information directly from the company's platform.

About Raymond Lifestyle Limited

Raymond Lifestyle Limited, formerly known as Raymond Consumer Care Limited, is a well-established name in the Indian consumer goods and lifestyle sector. The company's registered office is located in Chhatrapati Sambhajinagar (formerly Aurangabad), Maharashtra, while its corporate office is situated in Thane, Maharashtra.

The completion of this income tax survey without any reported issues suggests that Raymond Lifestyle continues to operate within the framework of Indian tax laws and regulations.

Raymond Lifestyle , a prominent player in the Indian textile and apparel industry, is currently under the scrutiny of tax authorities. According to recent reports, tax officials are conducting a survey at the company's offices and factories.

Survey Details

The survey, which is currently underway, involves tax officials visiting Raymond Lifestyle's office premises and manufacturing units. While the specific reasons for the survey have not been disclosed, such actions are typically part of routine checks or investigations into tax-related matters.

Company's Response

In response to the ongoing survey, Raymond Lifestyle has stated that they are fully cooperating with the tax authorities throughout this process. This cooperative stance suggests the company's commitment to transparency and compliance with regulatory requirements.

Implications

It's important to note that a tax survey is a fact-finding exercise and does not necessarily imply any wrongdoing on the part of the company. Such surveys are standard procedures that allow tax officials to gather information and verify compliance with tax laws.

Investors and stakeholders of Raymond Lifestyle will likely be watching closely for any updates or outcomes resulting from this survey. As of now, no further details have been provided regarding the scope or expected duration of the survey.

Raymond Lifestyle, known for its high-quality fabrics and apparel, continues its regular operations while the survey is in progress. The company's willingness to cooperate with the authorities may help in ensuring a smooth and efficient process.

As this is an ongoing matter, more information may become available in the coming days. Stakeholders are advised to stay tuned for any official statements or updates from Raymond Lifestyle or the tax authorities regarding the survey and its findings.