Electronics retailer Aditya Vision reports GST search operations 7 warehouses seized 3 stores closed
Electronic retail chain Aditya Vision informed the exchanges that tax authorities had conducted search operations at its facilities in Uttar Pradesh.
According to the exchange filing, the Uttar Pradesh Goods and Services Tax (GST) authorities issued an order of seizure for seven of their temporary warehouses and an order of prohibition for three stores on April 8.
The stock was trading at around Rs 3,330 at 1 pm on April 9, which was 2.8 percent lower than its opening.
In a filing dated April 9, the company stated, "In Compliance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that on Monday, April 08, 2024, GST search by Uttar Pradesh State GST has been conducted at all Showrooms and warehouses of the Company situated at Uttar Pradesh."
