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| Exchange Disseminated Time | With reference to the News Item appearing in newspaper dated March 03, 2015, regarding "Diamond Power MD arrested", Diamond Power Infrastructure Ltd has Clarified to BSE that :
"We wishes to inform to our stakeholders that the Company has not received any such Demand Notice, letter or any correspondence for the said matter from the Department of Central Excise for evasion of duty, CENVAT or any other matter relating to Tax.
Further, Managing Director of the Company was detained by the Department of Central Excise without issuance of any such Notice and was released on the Bail of Rs. 25000/-.
We would like to ensure to our esteemed stakeholders that there is no any evasion of duty whatsoever it may be on the part of the Company and the case is subjudice, hence, any further comment will not be appropriate and we have full faith in Indian Judiciary." |
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