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Sunday, March 27, 2011

Amtek Auto Ltd: Clarification

Amtek Auto Ltd has informed BSE as under :

"This has reference to the news broadcasted on the "CNBC" on March 25, 2011, it is clarified that search / survey by Income Tax Department took place on the premises of some Group Companies and its Directors. Certain routine documents have been taken from the Company offices and plants; however nothing adverse has been reported on such documents. There has been no seizure of any cash or valuables from the company premises or its Directors. We deny any admission or surrender of additional/undisclosed income on any transaction pertaining to any Group Company. We are fully cooperating in furnishing all information to the Income Tax Department."

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