USL said its Board has asked MD and CEO Anand Kripalu to further probe "possible existence of any other transaction of a similar nature" with certain "additional parties", in which the probe had raised concerns.
"The company has received a notice from the Ministry of Corporate Affairs for an inspection... of the books of accounts and other books of the company," USL said in a filing to BSE.
It further said: "A notice under Section 131 of the Income Tax Act, 1961, has also been received. The company is fully cooperating with the authorities in relation to the same."
On its move for a further probe, the company said its inquiry had identified certain "additional matters" raising concerns "as to the propriety of the underlying transactions" with "additional parties" without specifying details.

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