Intimation under Regulation 30 of the SEBI LODR.
Awaiting price reaction for this filing.
Jaiprakash Associates Ltd has informed stock exchanges that its Executive Director, Shri Manoj Gaur, was arrested by the Enforcement Directorate on the early morning of 13th November 2025. The arrest is linked to an ongoing investigation under the Prevention of Money Laundering Act (PMLA) against Jaypee Infratech Ltd and Jaiprakash Associates Ltd. The company clarified that Jaypee Infratech was already taken over by Suraksha Realty Ltd in March 2023 under IBC, and Jaiprakash Associates itself has been under Corporate Insolvency Resolution Process (CIRP) since 3rd June 2024. Because the company is in CIRP, the powers of the Board are suspended and the Resolution Professional is in control. The filing states there is no financial or operational impact on the company from this event.
Negative sentiment for the stock as the arrest of a key executive in a money laundering case adds to the company's existing troubles, though the company is already under insolvency with the Resolution Professional in charge. Shareholders face continued uncertainty given the ongoing CIRP and legal complications.