NOIDA, INDIA – Dixon Technologies has announced a search of one of its subsidiary's manufacturing facilities here by India's Directorate of Revenue Intelligence.

In a regulatory filing, Dixon said the DRI searched the factory regarding the classification of the raw material imported for manufacturing one of the products. The company said the search took place on Jan. 17, but did not specify the product or the raw materials that were searched.

Dixon said the search should not have a material impact on the company's operations, and it is cooperating with the investigation.

"The issues raised by the DRI are interpretational in nature and we stand committed to defend our interpretation using all recourse available to us. We have extended full cooperation to the DRI, including providing complete information in a timely manner," the company said.

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