India's Gala Precision Engineering falls after tax department action

Gala Precision Engineering

19/08/2026 07:13

** Shares of Gala Precision Engineering GALR.NS fall as much as 4.5% to 1,011.60 rupees 
** Precision manufacturing co says Income Tax Department commenced proceedings on August 18 at its registered office and the residence of promoter Kirit Gala
** Adds, co and its officials are cooperating with authorities and furnishing documents, information and clarifications sought
** Stock up 31.5% YTD

(Reporting by Payel Das in Bengaluru)
((Payel.das@thomsonreuters.com))