Redtape Limited has issued a clarification to the National Stock Exchange of India (NSE) regarding a news item published on www.reuters.com, titled "Founders of India’s RedTape eye stake sale." The company stated that while its promoters, like any other business, explore strategic opportunities for growth and value creation from time to time, no event has occurred at this stage that necessitates a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In response to NSE's query about awareness of any unannounced information that could explain trading movements, Redtape Limited confirmed they are not aware of any such information requiring disclosure under Regulation 30 at this point. The company also stated that it cannot comment on the potential material impact of the article on the Company. Redtape Limited assured the exchange that it will continue to inform them of any material events as required by SEBI regulations.