Info Edge (India) Ltd has concluded its investigation into a whistle-blower complaint concerning its 99acres business vertical. Independent law firm and forensic experts, under the oversight of the Audit Committee and Board, found no material financial impact. The company has initiated remedial measures while reaffirming transparency and compliance.
Info Edge (India) Ltd has issued a formal update regarding the whistle-blower complaint in its property portal 99acres. The matter, first disclosed to stock exchanges in September 2025, was thoroughly investigated by an independent law firm and forensic experts. Their conclusions, reviewed by the Audit Committee and Board, confirm that the allegations do not materially affect the company’s financial statements.
The company emphasized its commitment to regulatory compliance and transparency, noting that corrective actions have already been implemented, with additional measures underway.
Key Highlights
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Investigation completed by independent law firm and forensic experts.
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No material financial impact identified in 99acres vertical.
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Audit Committee and Board provided oversight throughout the process.
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Remedial measures initiated; compliance and transparency reaffirmed.
Sources: ScanX News, InvestyWise, ETRealty