The Company has received Notice from Ministry of Corporate Affairs seeking information
RAMKY · price
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Ramky Infrastructure has received a notice from the Office of Registrar of Companies, Hyderabad under section 210(1)(c) of the Companies Act 2013, initiating an investigation into the company's affairs. The notice calls for information spanning FY 2014-15 to FY 2021-22. The company states no direction or interim order has been passed so far. Importantly, the company explicitly clarifies there are no allegations or violations against it. Management does not foresee any financial or operational impact from this notice and is cooperating with the authorities by providing requisite information.
While any regulatory investigation notice can create concern, the company has clarified no violations or allegations have been made against it. The investigation appears procedural in nature and management expects no financial or operational implications, which may limit negative stock impact.