28-Sept-2026 07:00:53
SPECIALITY RESTAURANTS LIMITED : CLARIFICATION ON PROVISIONAL ATTACHMENT ORDER
• Company clarifies it is not named as an accused in the underlying investigation referred to in the provisional attachment order (PAO). • Company is a noticee to the PAO as the holder of the provisionally attached amount, not an accused. • The PAO provisionally attaches a forfeited amount of ₹14.50 crore from convertible warrants, not the Company's other assets. • This amount was forfeited as relevant allottees did not pay the remaining 75% within the prescribed conversion period. • The attachment is confined to this forfeited amount for a period of 180 days and does not impact the Company's operations. • Company has been cooperating with the Directorate of Enforcement. Impact: Neutral (Company clarifies its position regarding a provisional attachment order on a forfeited amount, with no immediate impact on operations.)
Speciality Restaurants Ltd
Open attachment