Ruby Mills , a century-old textile company, has recently found itself in the crosshairs of the Enforcement Directorate (ED). The company disclosed that the ED has attached its bank balance of Rs 2,59,90,569.00 held with Bank of India through an order dated October 16, 2025.

Background of the Attachment

The attachment relates to a complex financial transaction dating back to 2012. Here's a breakdown of the key events:

ED's Allegations and Company's Response

The ED's primary contention is that while Ruby Mills returned the principal advance to RRL's Resolution Professional, the interest earned on the term deposits created from these advance payments is subject to attachment.

Ruby Mills has stated that this matter has no impact on its current business operations or financial commitments. The company is seeking legal advice and plans to appeal the order. In its disclosure, Ruby Mills emphasized:

1. The transaction with RRL was a routine commercial transaction in the ordinary course of business.
2. The company denies any knowledge of fraud by third parties.
3. Ruby Mills has maintained high standards of corporate governance and financial integrity throughout its century-long operations.

Implications and Next Steps

While the attachment of Rs 2.60 crore is significant, Ruby Mills has assured stakeholders that it does not affect its present business operations or financial obligations. The company's next steps include:

1. Seeking advice from its legal team and advisors
2. Planning to appeal the ED's order
3. Continuing to maintain transparency with investors through regulatory disclosures

Conclusion

This case highlights the complex nature of long-term financial transactions and the scrutiny they can face from regulatory bodies. As the situation unfolds, stakeholders will be watching closely to see how Ruby Mills navigates this regulatory challenge while maintaining its business operations and financial commitments.

Ruby Mills , a prominent textile company, has made a significant financial move by disbursing ₹101.00 crore to the Resolution Professional of Shreem Corp, according to recent reports.

Key Points

• Substantial Disbursement: Ruby Mills has transferred a sum of ₹101.00 crore to Shreem Corp's Resolution Professional.
• Limited Information: The context and reasons behind this substantial payment remain undisclosed in the initial report.
• Involvement in Resolution Process: The disbursement to a Resolution Professional suggests a potential involvement in Shreem Corp's corporate resolution or restructuring process.

Implications and Questions

This significant financial transaction raises several questions about the nature of the relationship between Ruby Mills and Shreem Corp. The involvement of a Resolution Professional typically indicates that Shreem Corp may be undergoing a corporate insolvency resolution process or a similar restructuring effort.

While the exact purpose of this disbursement remains unclear, it could potentially be related to:

• Settlement of outstanding dues
• Acquisition of assets
• Part of a larger restructuring agreement

Market Impact

Investors and market watchers will likely be keen to understand the full implications of this transaction on Ruby Mills' financial position and future prospects. The company's next financial statements and any forthcoming announcements may provide more clarity on this significant outlay.

As of now, Ruby Mills has not provided additional details about the transaction or its potential impact on the company's operations or financials. Stakeholders are advised to stay tuned for any further disclosures or clarifications from the company regarding this matter.

Ruby Mills, known for its textile manufacturing and real estate development activities, continues to be a subject of interest in the market. This latest financial move adds another layer to the company's ongoing business narrative, potentially influencing investor sentiment and market perceptions in the coming days.