Borana Weaves Limited has informed the Exchange regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
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Borana Weaves Limited has informed the stock exchanges that SEBI carried out a search proceeding under Section 11C(9) of the SEBI Act, 1992, ordered by the Special Judge, SEBI. The search was conducted on April 22-23, 2026 at the premises of R & B Denims Limited (a promoter group entity of Borana Weaves), and also at the premises of certain promoters and the CFO of R & B Denims. The company clarifies that the search was not conducted at Borana Weaves' registered office and that, based on current information, there is no material impact on its financials, business operations, or other activities. No details of any alleged violation have been shared by SEBI yet, and the company has committed to updating exchanges on any material developments.
Short-term negative sentiment is likely as SEBI searches at a promoter group entity raise governance concerns and uncertainty, even though the company states no direct impact. The stock may see volatility until more details emerge on the nature of the SEBI probe and whether it extends to Borana Weaves itself.