Info Edge (India) Limited has successfully concluded its investigation into a whistle-blower complaint related to its 99acres business vertical, with findings indicating no material impact on the company's financial statements. The info edge investigation, which began following a complaint reported to stock exchanges on September 13, 2025, involved independent forensic experts and specialist legal professionals.

Investigation Process and Methodology

The company's Audit Committee and Board of Directors had mandated a comprehensive investigation following the receipt of the whistle-blower complaint. The investigation was conducted by reputed specialist law firm and forensic experts, ensuring independence and thoroughness in the assessment process. This approach aligns with the company's established whistle-blower policy, which is publicly available on the company's website.

Key Findings and Assessment

The independent investigators have submitted their comprehensive conclusions and assessment to the Audit Committee and Board of Directors. Following thorough review, the company has determined that the investigation outcomes and findings do not have a material impact on its financial statements. This assessment provides clarity on the complaint's implications for the company's financial position and operational integrity.

Remedial Actions Implementation

Info Edge has initiated remedial measures based on the investigation findings. The company has implemented certain remedial actions, while others remain in the process of being implemented. This proactive approach demonstrates the company's commitment to addressing any identified issues and strengthening its operational processes.

Regulatory Compliance and Transparency

The company has maintained full transparency throughout the investigation process, keeping stock exchanges informed as required under Regulation 30. The update has been communicated to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with listing obligations. Additionally, the intimation is being made available on the company's website for stakeholder access.

This conclusion of the whistle-blower complaint investigation represents Info Edge's commitment to corporate governance standards and transparent business practices. The company's systematic approach to handling the complaint, involving independent experts and comprehensive assessment, reflects its dedication to maintaining stakeholder trust and regulatory compliance.

ICICI Securities has released its earnings estimates for Info Edge 's third quarter performance (October-December FY25), projecting positive growth across all key financial parameters. The brokerage house expects the internet sector company to deliver strong results with double-digit growth in revenue and profitability.

Financial Performance Projections

The earnings estimates indicate robust performance across all major financial metrics for the quarter:

Revenue Growth Outlook

Net sales are expected to demonstrate strong momentum with a 15.7% year-on-year increase to ₹776.60 crore. The sequential growth of 4.1% quarter-on-quarter suggests sustained business expansion and healthy demand trends in the company's core segments.

Profitability Metrics

The projected net profit of ₹280.00 crore represents steady growth with a 7.9% year-on-year increase and 7.3% quarter-on-quarter improvement. EBITDA is forecast to reach ₹320.00 crore, showing operational efficiency with 10.4% annual growth and 8.3% sequential expansion.

Sector Context

These estimates are part of ICICI Securities' broader coverage of the internet sector for the third quarter period. The projections reflect expectations for continued growth in Info Edge's business segments during the October-December quarter of FY25.