REGAAL Resources has announced that the Directorate General of GST Intelligence (DGGI) conducted search operations at the company's locations. The company has specifically clarified that no fines were imposed during these proceedings.

DGGI Search Operations

The search operations were carried out by DGGI officials at REGAAL Resources' business locations. The Directorate General of GST Intelligence is the primary investigative arm of the GST administration, responsible for conducting intelligence-based enforcement activities.

No Financial Penalties Imposed

A key aspect of this development is that the company has confirmed no fines were levied during the search operations. This indicates that while the DGGI conducted its investigative procedures, no immediate penalties or financial sanctions were imposed on the company.

Regulatory Compliance Context

DGGI search operations are typically part of routine compliance verification or investigation processes under the GST framework. The absence of fines suggests that the search was either part of a standard verification process or that no violations warranting immediate penalties were identified during the proceedings.

The company's prompt disclosure of this information demonstrates transparency in communicating regulatory developments to stakeholders and the market.

Regaal Resources Limited has informed stock exchanges about a search operation conducted by the Directorate General of GST Intelligence (DGGI) at its premises in Bihar. The disclosure was made on January 12, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Search Operation Details

The DGGI's Patna Zonal Unit conducted the search operation on January 10, 2026, and January 11, 2026, under Section 67(2) of the Central Goods and Services Tax Act, 2017. The operation focused on verification and examination of records and documents under applicable GST law provisions.

Search Findings and Seizures

During the course of the search operations, authorities conducted verification and examination of records and documents at the company's premises. The company reported that no incriminating documents were discovered during the search. However, one stock register was seized by the authorities during the search conducted on January 11, 2026.

Company's Response and Cooperation

Regaal Resources Limited has confirmed that it extended full cooperation to the authorities throughout the search process. The company provided all information and documents requested during the operation and followed all instructions issued by the concerned authority. The management emphasized its commitment to continue cooperating with authorities as the matter progresses.

Current Status and Impact Assessment

As of the disclosure date, no orders, demands, penalties, or assessments have been passed against the company by the authorities. The company has stated that there is no material impact on its financial or operational activities at present.

The company is currently evaluating the matter and has indicated that it will take appropriate action in due course, in accordance with applicable laws and regulations. Management stated that the disclosure was made as a matter of abundant caution and transparency, and committed to making appropriate disclosures as and when required under applicable laws.