Suumaya Corporation informed the NSE that promoter Ushik Mahesh Gala was taken into custody by the Enforcement Directorate, Mumbai, on November 18, 2025. The company clarified that no action has been taken against the firm, its operations remain normal, and it will continue cooperating with authorities while ensuring regulatory disclosures.
Suumaya Corporation Limited has disclosed to the National Stock Exchange (NSE) that the Enforcement Directorate (ED), Mumbai, has taken its promoter, Ushik Mahesh Gala, into custody on November 18, 2025. The company emphasized that the action is against the individual and not against the corporate entity itself.
According to the official filing, there has been no direction, order, or penalty imposed on the company, and its business and operations remain unaffected. The firm stated that the matter is currently sub judice, and any potential impact on its activities cannot be determined at this point. It also confirmed that all statutory obligations under SEBI’s Listing Regulations will be complied with in full.
Suumaya Corporation said it will continue to operate “in the normal course of business” and cooperate fully with the ED’s ongoing investigation. The company also assured stakeholders that any subsequent developments will be promptly shared with the stock exchanges in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Notable Updates:
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ED detained Suumaya promoter Ushik Mahesh Gala on November 18, 2025.
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No enforcement action against the company itself.
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Company operations and finances remain unaffected.
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Further disclosures to follow based on regulatory developments.
Sources: NSE Circular, Suumaya Corporation Exchange Filing.