New Delhi, May 2 (PTI) Income Tax department conducted search operations at the office and factory premises of Gallantt Ispat as well as at the residences of promoters and officers of the company, according to a company's filing on Monday.

The company in the exchange filing said that any impact with respect to the search will be intimated in due course.

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"Income Tax Department, Ministry of Finance has in exercise of power under section 132 of the Income Tax Act, 1961 has carried out an Income Tax Search Operation at the plant office and factory premises of the company together with other business offices and residential houses of promoters and officers of the company," Gallantt Ispat said.

The company said that the department has seized a few documents and records of the company for further processing in the search.

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Gallantt Ispat said that it is intimating to the stock exchanges in order to put to rest any speculative or baseless information circulating without the endorsement of the company.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)