Shares of EPack Prefab Technologies Ltd slipped over 2 percent on Monday, November 3, after the company disclosed that the Department of Goods and Service Tax (GST) conducted search operations at its facilities in Greater Noida earlier this week. The stock traded at ₹253.00 on BSE, down 2.26% from the previous close of ₹258.85, with a day range of ₹250.60 – ₹258.05. The company’s market capitalization stands at approximately ₹25,480 crore.
The search was carried out by officials from the Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit, to ascertain potential GST evasion. According to the company, the operations were held on October 30 and 31 at two of its locations:
| Location | Date | Time |
|---|---|---|
| Registered Office & adjoining factory premises | October 30 | 4:15 PM – 9:55 PM |
| Corporate Office & adjoining factory premises | October 30–31 | 3:46 PM (Oct 30) – 9:45 AM (Oct 31) |
EPack Prefab clarified in its exchange filing that the search has not impacted its business operations, finances, or regular activities. The disclosure was made under Regulation 30 of SEBI Listing Regulations.
The company further noted that details have been made available on its investor relations website, and the search outcome is awaited as the investigation progresses.
EPack Prefab Technologies is listed on both NSE (EPACKPEB) and BSE (544540).
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