BSECompany Update1d ago · 18 Aug 2026, 07:41 pm

Pursuant to regulation 30 read with schedule iii and other apllicable provision , this is to inform you that officials of the Income tax Department have commenced proceeding on August 18 ....

Gala Precision Engineering Ltd · 544244

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Gala Precision Engineering Ltd has informed the exchanges that officials from the Income Tax Department have commenced proceedings at the company's registered office and the residence of its promoter, Mr. Kirit Gala, on August 18, 2026. The company is cooperating with the authorities and has not committed any specific violation or contravention as of the date of disclosure.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment4/10

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Gala Precision Engineering Ltd - 544244 - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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Date: 18 August 2026 BSE Limited National Stock Exchange of India Department of Corporate Services, Limited P. J. Towers, Dalal Street, Exchange Plaza, 5th Floor, Plot No. C/1, Mumbai - 400 001 G Block, Bandra Kurla Complex, Bandra Scrip Code: 544244 (East), Mumbai – 400 051 Scrip Name: GALAPREC Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), this is to inform you that officials of the Income Tax Department have commenced proceedings on August 18, 2026 at the registered office of the Company and at the residence of Mr. Kirit Gala, Promoter of the Company. The Company and its officials are extending full co-operation to the officials and is furnishing such documents, information and clarifications as are sought. The business operations of the Company remain unaffected and continue as usual. The Income Tax Proceeding is presently ongoing and once such proceeding by Income Tax Officer concludes, the Company will intimate the Exchanges of any material developments in this regard in accordance with Regulation 30 of the Listing Regulations. The details as required under the Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations read with SEBI Circular as amended from time to time are given in Annexure I. Thanking you, Yours faithfully, For Gala Precision Engineering Limited Pooja Ladha Company Secretary and Compliance Officer Encl.: As above The details pursuant to Regulation 30 of SEBI Listing Regulations are set out below: Sr. No. Particulars Details 1 Name of the authority Income Tax Department 2 Nature and details of the action Proceeding being conducted by the Income Tax taken Department under the provisions of the Income- tax Act, 2025 3 Date of commencement / Income Tax Proceeding commenced on August communication from the authority 18 2026. 4 Details of violation/contravention No specific violation/contravention has been committed or alleged to be communicated to the Company as of the date and committed time of this disclosure. The Company is cooperating with the authorities and providing the information/documents sought 5 Impact on financial, operation or Since Income Tax Proceeding is still under other activities of the listed entity, process, we are not in a position to quantify any quantifiable in monetary terms to monetary Impact on financial, operation or other the extent possible activities of the Company.