KEI Industries Undergoes Income Tax Search; Maintains Technical Collaboration Agreement with BRUGG
KEI Industries Ltd reported that the company underwent search and seizure operations by the Income Tax Department. The search was conducted at the company's registered office and several manufacturing and operational locations, alongside the premises of the promoter and certain executives.The search operations commenced on May 7, 2026, and were concluded by the late night of May 12, 2026. During the proceedings, KEI Industries Ltd maintained full cooperation with the IT Department officials, providing all details and documents requested.
KEI Industries Ltd emphasized that the financial impact resulting from the search and seizure operations is not quantifiable in monetary terms at this time.
In terms of core business operations, KEI Industries currently operates under a Technical Collaboration Agreement with BRUGG. This agreement facilitates the manufacturing of Extra High Voltage (EHV) cables up to 400kV.
The company maintains several operational facilities. KEI's current works include:
- Bhiwadi (Works-I): Located at SP-919/920/922, RIICO Industrial Area, Phase-III, Bhiwadi, Dist. Alwar-301019 (Rajasthan).
- Chopanki (Works-II): Located at A-280-284 RIICO Industrial Area (Chopanki) Dist. Alwar-301019 (Rajasthan).
- Silvassa (Works-III): Situated at 99/2/7, Madhuban Industrial Estate, Rakholi, Silvassa UT of Dadra & Nagar Haveli and Daman & Diu-396230.
The company also maintains a branch office in Chennai and offices in Delhi.
KEI Stock Price Movement
KEI Industries Limited shares on Tuesday slipped 2.52% to settle at ₹4,997.10. The stock traded on a total volume of 236,015 shares, indicating considerable investor profit-taking.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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