Mahindra & Mahindra has informed that an authorisation for inspection / search proceedings u/s 67 of CGST Act, 2017 was issued by Additional Commissioner (ST), Intelligence-I (FAC), Chennai-6 on the Company. Pursuant to the above, State Tax officer, Gr-I, Intelligence – I, Chennai – 6, initiated inspection of the records at one of the places of business operations of the Company in Chennai, Tamil Nadu. The authorisation for inspection / search proceedings dated 26th December, 2024, was shown to the Company’s officials on 27th December, 2024 at around 12.15 p.m. The GST officials have inspected the records and given some observations on certain GST compliance issues and have advised the Company’s officials to submit the necessary documents for reconciliation. The Company officials cooperated with the GST officials and responded to all the clarifications and details sought by them. The Company will further be providing all the necessary additional documents sought in due course. This has not impacted the operations of the Company, which are continuing as usual. Based on the Company’s initial assessment, the Company does not reasonably expect the outcome of the proceedings to have any material impact on the Company. The company has emphasized that it has always maintained high standards with respect to compliance of all laws and regulations including the prompt payment of applicable taxes. The company remain committed to upholding these standards. The Company will update the Stock Exchanges about the material developments on this matter to the extent applicable. The details of the above notice, as required under Clause 19 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 is enclosed as Annexure A.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Maruti Suzuki | 11837.55 |
| Mahindra & Mahindra | 3210.00 |
| Hyundai Motor India | 1817.05 |
| Mercury Metals | 96.78 |
| Hindustan Motors | 29.96 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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