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Suumaya Corporation Ltd - Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 Pertaining To Questioning By Economic Offence Wing On February 25, 2022 Related To Frivolous And Baseless FIR Against A Group Company And Granted Bail On 14Th March 2022.
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30 Apr 2022
Pursuant to Regulation 30 of SEBI (LODR), 2015 and basis on the directions received from SEBI, take a note that Company&apos;s Chairman &amp; Managing Director Mr. Ushik Gala was taken for questioning by Economic Offence Wing (EOW) on February 25, 2022, for questioning related to frivolous and baseless FIR filed by one party on February 12, 2022 against the Suumaya Industries Limited (SIL), a Group Company wherein Mr. Gala is also a Chairman &amp; Managing Director. Mr. Ushik Gala was further granted bail by the Additional Chief Metropolitan Magistrate on March 14, 2022. The Company is not directly connected in the matter except for having a common Chairman &amp; Managing Director. Hence, there is no direct financial impact on the Company that can be assessed or estimated. This clarification is without prejudice and the Company humbly submits that it shall publish a detailed clarification as and when it comes with possession of further information in the issue at hand.
View all announcements for Suumaya Corporation Ltd Source: BSE India

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