Regaal Resources Limited recently faced a search operation conducted by the Directorate General of GST Intelligence (DGGI). The company has provided clarification regarding the outcome of this investigation and its subsequent actions.

Search Operation Details

The DGGI conducted a search operation at Regaal Resources as part of its regulatory oversight activities. Such operations are typically undertaken by tax authorities to verify compliance with GST regulations and investigate potential discrepancies in tax filings.

Company's Response and Outcome

Following the search operation, Regaal Resources has confirmed that no formal order or penalty was imposed against the company by the DGGI. This indicates that the investigation did not result in any punitive measures or legal sanctions.

Voluntary Tax Payment

Despite the absence of any formal orders or penalties, Regaal Resources proactively made a voluntary tax payment of ₹8.90 million. This voluntary payment demonstrates the company's commitment to maintaining transparency and ensuring full compliance with tax regulations.

Regulatory Compliance

The company's decision to make a voluntary payment following the DGGI search operation reflects its approach toward regulatory compliance. By addressing any potential tax obligations voluntarily, Regaal Resources has taken steps to maintain its standing with tax authorities and ensure adherence to GST requirements.

Regaal Resources Limited has disclosed to stock exchanges that the Directorate General of GST Intelligence (DGGI) conducted a search operation at its principal place of business from January 10-12, 2026. The company made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as a matter of transparency and regulatory compliance.

Search Operation Details

The DGGI search operation was conducted under Section 67(2) of the Central Goods and Services Tax Act, 2017, at the company's registered principal place of business located at Bhatgoan, Galgalia, Thakurganj, Kishanganj, Bihar-855106. The operation commenced on January 10, 2026, at 02:45 PM and concluded on January 12, 2026, at 08:00 PM.

During the search operation, DGGI officers examined relevant documents, registers, and other records available at the premises. The authorities seized some registers and records related to GST for further verification purposes.

Company's Voluntary Payment

As a precautionary measure and best estimate of potential tax liability, Regaal Resources Limited has made a voluntary payment under Section 74(5) of the CGST Act, 2017. The payment breakdown is as follows:

The company emphasized that since no order has been served by the authorities, the actual financial impact cannot be ascertained at this stage. This voluntary payment represents the company's proactive approach to address potential GST-related concerns.

Current Status and Compliance

Regaal Resources Limited confirmed that as of the disclosure date, no order, demand, penalty, or assessment has been passed against the company by DGGI. The company stated it is currently evaluating the matter and will take appropriate actions in due course, in accordance with applicable laws and regulations.

The company has assured full cooperation with the authorities throughout the process. It committed to making appropriate disclosures as and when required under applicable laws and will update stakeholders on any further developments.

Regulatory Disclosure

This disclosure was made in continuation to the company's earlier letter dated January 12, 2026, ensuring comprehensive transparency regarding the DGGI search operation. The company emphasized that this disclosure is being made as a matter of abundant caution and transparency, adhering to regulatory requirements under SEBI listing obligations.