
Regulatory3 Jun 2026, 01:17 pm
Hindustan Zinc premises searched by Directorate of Enforcement
AI Summary
Hindustan Zinc Ltd (HZL) informed the stock exchanges that the Directorate of Enforcement (ED) conducted a search operation at the company's premises. The search commenced on June 1, 2026, and concluded on June 3, 2026, at 04:10 AM. The investigation was initiated under the provisions of the Foreign Exchange Management Act, 1999. HZL stated that its officers fully cooperated with the ED, providing all necessary information, documents, and clarifications. The company also clarified that, as of now, there is no ascertainable penalty, restriction, or sanction imposed, and the search operation has no impact on its financial, operational, or other activities.
Key Highlights
- ED conducted a search operation at HZL premises from June 1-3, 2026.
- Investigation initiated under the Foreign Exchange Management Act, 1999.
- Company officers fully cooperated, providing all requested information.
- No penalty or restriction ascertained at this point in time.
- No impact on HZL's financial, operational, or other activities.
Price Impact
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