Announced Wed, 21 Oct, 2026 · 19:15 IST

TBO Tek gets ED order, faces 22 crore penalty in FEMA case

Litigation LossRegulatory & Legal View source PDF Explain this filing

TBOTEK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.6%Reaction day

₹1582.70

prior close

₹1552.00

announcement price

After-mkt

timing

Nifty Smallcap 250market-1.1%-2.6% vs market

Tour Travel Related Services peers, median of 6sector-1.6%-2.0% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Smallcap 250 and 2.0 pts less than its Tour Travel Related Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.7

15m

-0.3

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.6-1.1-2.6-1.6-2.0

Next day

-1.1-3.9+2.7-3.3+2.2

-4.6-2.8-1.8-3.2-1.4

-2.9pendingpending-2.0-0.9

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Tour Travel Related Services peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ED Special Director (Adjudication) passed an order dated October 16, 2026 against TBO Tek and its Joint Managing Directors in FEMA adjudication proceedings. Penalty of 22.22 crore imposed on the company and 2.47 crore on each JMD for alleged contravention of Section 3(c) read with Section 42(1) of FEMA 1999. Company is reviewing the order with legal counsel.

Likely market impact

Material financial penalty of 22 crore on company plus 2.47 crore each on JMDs. Legal review underway; outcome may weigh on investor sentiment.