ED attaches ₹14.50 crore from Speciality Restaurants under PMLA
- ED issued provisional attachment order for ₹14.50 crore on September 25, 2026
- Amount relates to forfeited 25% upfront warrant payments under PMLA investigation
- Attachment valid for 180 days; company not named as accused in predicate offence
- Speciality Restaurants states no immediate impact on business operations
*this image is generated using AI for illustrative purposes only.
Speciality Restaurants received a provisional attachment order dated September 25, 2026, from the Directorate of Enforcement directing attachment of ₹14,50,09,700 from its account under section 5(1) of the Prevention of Money Laundering Act, 2002.
Background of the attachment order
The Office of the Deputy Director, Directorate of Enforcement, Zonal Office, Raipur, issued the Provisional Attachment Order (PAO) as part of an ongoing money laundering investigation. The attached amount pertains to the 25% upfront amount received by Speciality Restaurants at the time of allotment of warrants, which was forfeited from the relevant allottees due to non-exercise of the conversion option within the 18-month conversion period from the date of allotment. The PAO specifies that the attachment shall remain in force for a period of 180 days.
Key details of the provisional attachment order
The following table summarises the key particulars of the PAO as disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015:
| Parameter | Details |
|---|---|
| Issuing authority | Office of the Deputy Director, Directorate of Enforcement, Raipur Zonal Office |
| Date of order | September 25, 2026 |
| Amount attached | ₹14,50,09,700 |
| Duration of attachment | 180 days |
| Nature of amount | 25% upfront amount forfeited from warrant allottees for non-conversion within 18 months |
| Accused status | Company not named as accused in predicate offence or money laundering investigation |
| Operational impact | No immediate impact on business operations or other activities |
Company's position and legal response
Speciality Restaurants has clarified that it is not named as an accused in the underlying predicate offence or the money laundering investigation, and the PAO concerns only the forfeited amount described above. The company stated it is in discussions with its lawyers and will pursue legal remedies as may be available and advised. The financial impact is limited to ₹14,50,09,700 as specified in the PAO, and there is no immediate impact on the operations or other activities of the company.
Historical Stock Returns for Speciality Restaurants
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.92% | +9.62% | +4.46% | +64.97% | +15.16% | +109.55% |
Will the Directorate of Enforcement convert the provisional attachment into a permanent confiscation order after the 180-day period expires?
How might this regulatory action influence investor sentiment and Speciality Restaurants' share price volatility in the short term?
Could this case set a precedent for how forfeited warrant proceeds are treated in future money laundering investigations involving listed companies?
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