Info Edge announced an update regarding a whistle-blower complaint concerning its 99acres business vertical. The company had previously informed the stock exchanges about the complaint on September 13, 2025. An independent law firm and forensic experts investigated the matter. Their conclusions and assessment have been reviewed, and the company believes that the outcomes do not have a material impact on its financial statements.
Whistle-Blower Complaint Update
Info Edge provided an update on a whistle-blower complaint related to its 99acres business vertical. The company initially informed the stock exchanges about the complaint on September 13, 2025.
Investigation and Findings
Following the complaint, the Audit Committee and Board of Directors appointed an independent law firm and forensic experts to conduct a comprehensive investigation. These experts have now submitted their conclusions and assessment to the Audit Committee and Board of Directors.
Impact Assessment
The Company has assessed the findings and conclusions and has determined that they do not have a material impact on the financial statements. Remedial actions have been implemented, and further actions are ongoing. The Company’s whistleblower policy is available on its website.
Source: BSE
