Details of Regulatory Action
Authority: Directorate of Enforcement (ED)
Order Details: The company received a Provisional Attachment Order dated 25 June 2026 issued by the ED, Headquarters Investigation Unit, under sub-section (1) of Section 5 of the Prevention of Money Laundering Act, 2002 (PMLA) read with the Prevention of Money Laundering (Issuance of Provisional Attachment Order) Rules, 2013.
Assets Attached: The ED has provisionally attached movable and immovable properties aggregating approximately ₹55.57 crore. The attached properties include:
- Bank accounts
- Fixed deposits
- Land
- Commercial premises
- Residential apartments
Property Locations: The properties are situated in Ludhiana, Gurugram, and Chandigarh, standing in the name of Hampton Sky Realty Limited, its associated entities and persons.
Allegations: The ED has alleged that the matter pertains to the purported sale of mobile phones by the Company during FY 2023-2024 and is being investigated under the provisions of the PMLA.
Timeline and Receipt
Date of Receipt: 25 June 2026
Disclosure Date: 26 June 2026
Order Validity Period: The Provisional Attachment Order shall be applicable from 25 June 2026 for a period of 180 days or until an order is passed by the Adjudicating Authority under Section 8(3) of the PMLA.
Company Response and Status
The company is examining the contents of the order and is in the process of determining the appropriate legal course of action in consultation with its legal advisors. The company states it remains committed to maintaining transparency and will keep stakeholders informed of any material developments.
Financial Impact Assessment
At this stage, the financial, operational or other implications arising out of the aforesaid Order cannot be ascertained. The disclosure notes that quantifiable monetary impact is not possible to determine currently.
Legal Proceedings Status
The matter involves proceedings initiated under the provisions of the Prevention of Money Laundering Act, 2002. No settlement has been reached, and the "Not Applicable" designation indicates the proceedings are ongoing without resolution.
#Tags: #HamptonSkyRealty #EDOrder #SEBIDisclosure #RegulatoryCompliance #PMLA #Negative