Cipla has announced that the Income Tax Department (the Department) searched under the Income Tax Act, 1961 at some of the offices and manufacturing units. The company fully co-operated with the officials during the proceedings and responded to the clarifications and details sought by them. The company will provide any further clarification/information that may be required.
The business operations of the company continued as usual and were not impacted due to the search. The company will comply with legal obligations for disclosure from time to time.
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