SEBI Search Proceedings Conducted at R&B Denims Limited Premises
R&B Denims Limited disclosed that search proceedings were initiated by a Special Judge of the Securities and Exchange Board of India (SEBI) under Section 11C(9) of the SEBI Act, 1992. The search was conducted at the company's registered office, promoters' premises, and the Chief Financial Officer's office on April 22-23, 2026. The company stated that there is no material impact on its financials, business operations, or other activities as a result of these proceedings.
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R&B Denims Limited has informed the stock exchanges that search proceedings were initiated pursuant to an order passed by the Special Judge, Securities and Exchange Board of India (SEBI), under Section 11C(9) of the Securities and Exchange Board of India Act, 1992. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The search was conducted at the Registered Office of the company as well as at the premises of the promoters and the Chief Financial Officer. The proceedings commenced on Wednesday, April 22, 2026, and concluded on Thursday, April 23, 2026, at 06:00 PM.
Key Details of the Search Proceedings
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Name of the authority | Special Judge, Securities and Exchange Board of India |
| 2. | Nature and details of action(s) taken | Search under section 11C (9) of the Securities and Exchange Board of India Act, 1992 |
| 3. | Date of receipt of direction or order | Not yet informed by the Authority |
| 4. | Details of violation(s)/contravention(s) | Not yet informed by the Authority |
| 5. | Impact on financial, operation or other activities | At present, there is no material impact |
The company clarified that at present, there is no material impact on the financials, business operations, or any other activities of the company due to the aforesaid search proceedings. In the event of any material update that requires intimation under the SEBI Listing Regulations, the company stated that it will make necessary disclosures in accordance with regulatory provisions.
The disclosure was signed by Amit Dalmia, Chairman and Managing Director of the company, on April 24, 2026. The company's registered office is located at Block No.467, Sachin Palsana Road, Palsana, Surat-394315, Gujarat, India.
Historical Stock Returns for R&B Denims
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.62% | -9.78% | -15.79% | -47.31% | -93.87% | -92.41% |
What potential penalties or sanctions could R&B Denims face if SEBI finds material violations during their investigation?
How might this SEBI search impact R&B Denims' ability to raise capital or secure financing in the near term?
Will institutional investors likely reduce their holdings in R&B Denims pending the outcome of SEBI's investigation?
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