I-T searches at Himadri Speciality Chemical premises

Himadri Speciality Chemical Ltd today said Income Tax authorities have conducted search operation at the company's premises, adding that "no adverse material was found".
"Income Tax authorities have conducted search operation under Section 132 of the Income Tax Act, 1962 at the premises of the company on August 24 to check the books and records of the company," the Kolkata-based firm said in a filing to the BSE.
The company has extended full cooperation and provided all desired information to the authorities, it added.
The search operation did not impact any routine operations and working of the company, it said, adding that "no adverse material was found by the concerned authorities".

The company said it maintains high standards of corporate governance.
Himadri manufactures coal tar pitch, chemical oils, carbon black, napthalene, advance carbon, corrosion protection and naphthalene sulphonate.
It has six manufacturing facilities in India. However, the company did not specify the location where the Income Tax search was conducted.