Reliance Communications Limited has informed the Exchange about intimation in accordance with Regulation 30 (2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Officials from the Enforcement Directorate (ED) conducted a search, seizure, and freezing operation at Reliance Communications Limited's offices at Dhirubhai Ambani Knowledge City, Navi Mumbai on July 24, 2025, under Section 17(1) of the Prevention of Money Laundering Act (PMLA), 2002. Two laptops and email dumps of the CFO and Company Secretary were seized. The company stated that this action will not affect its financials or operations, noting that it is already under the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC) since June 28, 2019, with Resolution Professional Mr. Anish Niranjan Nanavaty managing its affairs. The disclosure was made under SEBI LODR Regulations 2015 as required.
While the company downplays operational impact, the ED action under PMLA signals a serious money laundering probe and could further delay or complicate RCOM's already-stalled insolvency resolution process. Shareholders should expect continued uncertainty given the dual overhang of the ongoing CIRP and now a fresh criminal investigation.