Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
Shah Construction Company has disclosed a direction received from the Greater Mumbai Police – Economic Offences Wing (EOW) on 11th June 2025. The order restricts the company from creating any further interest in its property until a charge sheet is filed. The matter relates to an ongoing investigation involving allegations of criminal breach of trust and cheating. The company has stated that there is no impact on its financials, operations, or other activities.
While the company claims no financial or operational impact, the legal restriction on creating interest in property and the ongoing criminal investigation could create uncertainty and negative sentiment among shareholders, potentially weighing on the stock price.