Jai Corp Limited Clarifies ED Searches at Corporate Office and Residences
Jai Corp Limited has issued a clarification regarding news of Enforcement Directorate (ED) searches at its corporate office and the residences of its Chairman, Vice-Chairman, and Managing Director. ED...
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Why is Jai Corp Limited in the news today?
Jai Corp Limited (JAICORPLTD) is in the news due to the announcement is a clarification regarding an investigation by the enforcement directorate. while the event itself is concerning, the company's response is neutral as it focuses on cooperation and states an inability to determine financial impact at this stage.
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Jai Corp Limited Clarifies ED Searches at Corporate Office and Residences
December 20, 2025, 12:31 PM
Jai Corp Limited has issued a clarification regarding news of Enforcement Directorate (ED) searches at its corporate office and the residences of its Chairman, Vice-Chairman, and Managing Director. ED officials visited the company's Mumbai corporate office on December 19, 2025, from approximately 9:28 AM to 11:50 PM. The company stated that the ED visit was not a planned or expected event and no negotiations were taking place.
Jai Corp Limited confirmed that it is extending full cooperation to the ED during the investigation. The company has informed the stock exchange within the stipulated timeline as per SEBI (LODR) Regulations, 2015. Due to the sub-judice nature of the matter, the company is unable to ascertain any financial impact pending the outcome of the investigation. The company reiterated its commitment to cooperating with the authorities.
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