NSEGeneral Updates1d ago · 18 Aug 2026, 07:46 pm
General Updates
Gala Precision Engineering Limited · GALAPREC
✦ AI SummaryRegulatory
Gala Precision Engineering Limited has informed the Exchange about General Updates, stating 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 is 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.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact6/10
Market Sentiment5/10
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Gala Precision Engineering Limited has informed the Exchange about General Updates
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GALAPRE_18082026194617_Intimation_Income_Tax_Proceeding.pdf
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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.