Regulatory10 May 2026, 09:00 pm
Hampton Sky Realty: Promoter Sanjeev Arora in ED Custody
AI Summary
Hampton Sky Realty Ltd. announced that Mr. Sanjeev Arora, part of the Promoter/Promoter Group, was taken into custody by the Directorate of Enforcement (ED) on May 09, 2026, in connection with an investigation related to export of mobile phones undertaken by the company in 2023 and 2024. The allegations involve purported sale transactions aggregating approximately ₹157.12 Crore, including overseas export transactions of approximately ₹102.50 Crore. The company is cooperating with the investigation and assessing the potential impact on its operations, financial position, and governance matters.
Key Highlights
- Mr. Sanjeev Arora, part of Hampton Sky Realty's Promoter Group, arrested by ED on May 9, 2026.
- Arrest related to export transactions and alleged FEMA contravention.
- Allegations involve purported sales of approximately ₹157.12 Crore.
- Company is assessing the potential impact on financials and operations.
- Hampton Sky Realty is cooperating with investigating agencies.