Event Details
The Company has been informed that one of its Promoters, Mr. Vikas Garg, has been taken into custody by the Directorate of Enforcement under the applicable provisions of the Prevention of Money Laundering Act, 2002. The custody occurred on July 14, 2026.
The event relates to the Directorate of Enforcement's examination of transactions involving certain foreign entities/SEBI-registered Foreign Portfolio Investors (FPIs), including their investments in various listed companies, and related matters.
Impact Assessment
The Company states that this development has no material impact on the Company's business operations, which continue in the ordinary course. The estimated financial impact is not ascertainable.
Company Response
The Company is evaluating the development in consultation with its legal advisors and shall take such steps as may be considered appropriate in accordance with applicable law.
Additional Information
Company CIN: L65100DL1985PLC022505