Reliance Communications has disclosed that the Central Bureau of Investigation conducted a search and seizure operation at its office premises on February 26, 2026. The telecommunications company, currently under corporate insolvency resolution process, made the disclosure in compliance with regulatory requirements.

Search Operation Details

The CBI officials conducted the search operation at the company's office premises located at B Block and H Block, Dhirubhai Ambani Knowledge City, Navi Mumbai. During the operation, officials seized several important documents from the company's premises.

Legal Framework

The search operation was conducted under Section 185 of the Bharatiya Nagarik Suraksha Sanhita, 2023. The CBI took possession of original minutes of board meetings for both Reliance Communications and its wholly owned subsidiary Reliance Telecom Limited, along with various financial, secretarial and banking documents.

Company's Assessment

Reliance Communications stated that the search and seizure operation is not expected to have any impact on the company's financials or operations. The company emphasized that it continues to operate its business in the normal course despite the investigation.

Corporate Insolvency Status

The company remains under corporate insolvency resolution process pursuant to the Insolvency and Bankruptcy Code, 2016. Since June 28, 2019, the company's affairs, business and assets are being managed by Resolution Professional Mr. Anish Niranjan Nanavaty, appointed by the National Company Law Tribunal, Mumbai Bench.

The company noted that it is subject to protections available under the provisions of the Insolvency and Bankruptcy Code during the ongoing resolution process.

Reliance Communications Limited has formally submitted an application to stock exchanges seeking reclassification of Reliance Capital Limited from promoter category to public category under SEBI regulations. The move represents a significant corporate restructuring step for the telecommunications company currently under insolvency proceedings.

Regulatory Application Details

The company has approached both BSE Limited and National Stock Exchange of India seeking no-objection for reclassification of Reliance Capital Limited from 'Promoter/Promoter Group' category to 'Public' category. This application falls under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approval and Compliance

The application submission follows approval granted by the Board of Directors at their meeting held on February 13th, 2026. This approval was accorded in accordance with Regulation 31A(3) of the SEBI LODR Regulations, ensuring compliance with prescribed regulatory procedures for such reclassification requests.

Corporate Status and Management

Reliance Communications Limited continues to operate under corporate insolvency resolution process pursuant to the Insolvency and Bankruptcy Code, 2016. The company's affairs, business and assets have been managed by Resolution Professional Mr. Anish Niranjan Nanavaty since June 28, 2019, following an order from the National Company Law Tribunal, Mumbai Bench dated June 21, 2019.

Stock Exchange Communication

The formal intimation was communicated to both major stock exchanges where the company is listed:

• BSE Limited: Scrip Code 532712
• National Stock Exchange: Symbol RCOM

The company has requested both exchanges to take the submitted information on record as part of the regulatory disclosure process. This reclassification application represents part of the ongoing corporate restructuring activities under the insolvency resolution framework.