This is to inform that M/s Jaiprakash Associates Limited, the Promoter Company of the Company has made disclosure under Regulation 30 read with Para 19, Part A of SEBI (LODR) Regulations, ....
Awaiting price reaction for this filing.
Jaiprakash Power Ventures Limited (JPVL) informed stock exchanges that its promoter company, Jaiprakash Associates Limited (JAL), disclosed that the Enforcement Directorate (ED) initiated searches at JAL's offices on 23rd May 2025. At the time of the disclosure, the search was still underway. JAL stated that its business continues to operate normally and that it is fully cooperating with the authorities, providing all requested information. JAL also said it will update exchanges on any further developments or impact on operations as the situation evolves.
This is negative and uncertain news for JPVL shareholders. ED searches on the promoter group raise governance and legal-risk concerns, which could weigh on JPVL's stock price in the short term. Investors should watch for further updates from JAL, as any escalation could indirectly affect the listed subsidiary.