This is to inform that Enforcement Department conducted a search and seizure operation.
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The Enforcement Directorate (ED) carried out a search and seizure operation on 20th November 2025 at the residence of the Managing Director & CFO and at the RDB Group office in Gurugram. The raid is linked to the acquisition of a land parcel in Sector-70A, Gurgaon, Haryana. During the operation, certain documents and electronic devices were seized. The company has stated it is extending full cooperation to the authorities. This disclosure follows two earlier letters dated 1st October and 14th October 2025 on the same matter.
This is a negative development for shareholders. A raid on the homes of the MD and CFO signals serious regulatory scrutiny, which could lead to legal and financial consequences and is likely to weigh on the stock price in the near term.