This is to inform that Directorate of Enforcement conducted a search and seizure operation.
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Awaiting price reaction for this filing.
On 20th November 2025, the Enforcement Directorate (ED) carried out a search and seizure operation at the residence of the company's Managing Director & Chief Financial Officer, as well as at the RDB Group office in Gurugram. The search relates to the acquisition of a land parcel in Sector-70A, Village Palra, Gurgaon, Haryana. During the operation, certain documents and electronic devices were seized. The company has stated it is extending full cooperation and has not yet received any written order, notice, or communication indicating adverse findings against the company or its officials. This disclosure follows earlier communications dated 1st October 2025 and 14th October 2025 on the same matter, suggesting an ongoing investigation.
ED raids on top management (MD and CFO) raise governance concerns and could weigh negatively on the stock in the short term. However, since no adverse findings have been communicated yet, the long-term impact depends on the outcome of the investigation.