Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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G G Engineering Ltd informed BSE that a search operation was conducted on 16 April 2025 at the residence of its Managing Director (Atul Sharma) and one of its Promoters. The searches were carried out as part of a nationwide agency operation linked to the ongoing investigation into the Mahadev Betting App. The company clarified that the incident has no direct impact on its financials, operations, or business activities. The disclosure was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.
Although the company claims no business impact, the involvement of its MD and a Promoter in a high-profile betting app investigation could hurt investor confidence and trigger short-term volatility in the stock. Shareholders should watch for further updates as the investigation progresses.