Raja Bahadur International Ltd Issues Rejoinder Notice to Raise Securities
Raja Bahadur International Ltd (RBIL) has issued a rejoinder notice to Raise Securities Private Limited (RSPL) regarding false and incorrect information published on the ScanX platform. RBIL initially demanded removal, retraction, and disclosure of the source of the information. RSPL's helpdesk initially confirmed removal on September 10, 2026, but later disputed the publication's existence in a September 15, 2026 reply. RBIL has highlighted this inconsistency and demanded an explanation, including details on the publication's lifecycle and preservation of records. The company stated that the removal does not negate concerns about the original publication and has reserved its rights. RBIL clarified that this matter does not impact its financial position or operations.
Key Highlights
- RBIL issued a rejoinder notice to Raise Securities over false information.
- Inconsistency noted between Raise Securities' confirmation of removal and later denial of publication.
- RBIL demands explanation and preservation of all related records.
- Company clarifies no impact on financial performance or operations.
- RBIL reserves all rights and remedies in the matter.
Price Impact
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