Key Development
In continuation of the Company's previous disclosures dated April 19, 2025 and June 23, 2026 regarding proceedings initiated by the Directorate of Enforcement under the Prevention of Money Laundering Act, 2002, the Company has been informed that one of its Promoters/Directors, Mr. Vikas Garg, has been taken into custody by the Directorate of Enforcement under the applicable provisions of the said Act.
The proceedings relate to the examination of transactions involving certain foreign entities/SEBI-registered Foreign Portfolio Investors (FPIs) that had invested in the securities of the Company, as well as several other Indian listed companies, and related matters.
Company Response and Evaluation
The Company is evaluating the matter in consultation with its legal advisors and shall take such steps as may be considered appropriate in accordance with applicable law.
Operational Impact Assessment
The Company states that the development has no material impact on the Company's business operations, which continue in the ordinary course.
Timeline of Event
The custody occurred on July 14, 2026.
Persons Involved
Mr. Vikas Garg, Promoter/Director of the Company.
Financial Impact
Estimated amount involved is not ascertainable as per the disclosure.
Future Disclosures
The Company shall make such further disclosures as may be required under applicable law.