Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
A2ZINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
A2Z Infra Engineering Limited has disclosed that Mr. Amit Mittal, its Managing Director cum CEO and Promoter, was taken into judicial custody by the Economic Offence Wing-Anti Corruption Bureau (EOW-ACB), Chhattisgarh on May 13, 2026. The custody relates to an investigation concerning alleged irregularities in contracts with Chhattisgarh State Marketing Corporation Limited for supply of manpower during FY 2019-20 to FY 2023-24. The Company clarifies that Mr. Amit Mittal has not been named in the FIR and was not directly involved in executing the contracts, which were handled by a representative of the material subsidiary. The Company claims the detention is prima facie illegal and is pursuing legal remedies to challenge it. No financial impact has been estimated at this stage.
This is a significant negative development as the CEO, MD, and Promoter being in judicial custody raises serious governance concerns and could impact investor confidence and company operations, despite the Company claiming he was not directly involved in the alleged irregularities.