Enforcement Directorate issues Show Cause Notice over Rs 16 crore seizure
ALPHAGEO · price
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The Enforcement Directorate has initiated adjudication proceedings against Alphageo (India) Limited and its Chairman and Managing Director Mr. Dinesh Alla. Both received a Show Cause Notice on 3 February 2026. This relates to the earlier seizure of Rs 16 crores by the ED under FEMA, which the Company is appealing in court. The Company says there is no material adverse effect on its overall financial position beyond the seized amount, and will file its submissions before the Adjudicating Authority within the prescribed timelines.
ED adjudication step in long-running FEMA case; Company says no material adverse financial impact beyond the seized Rs 16 crore amount.