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HomeNewsBusinessMarketsRBI Rejects TBO Tek's ₹712.25 Million Post-Facto Approval Request

RBI Rejects TBO Tek's ₹712.25 Million Post-Facto Approval Request

RBI Rejects TBO Tek's ₹712.25 Million Post-Facto Approval Request

September 04, 2025 / 12:26 IST
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TBO Tek Limited announced that the Reserve Bank of India (RBI) has rejected its application for post-facto approval regarding the receipt of payments amounting to ₹712.25 million. These payments were received through third parties or an Indian entity on behalf of a person resident outside India.

The company received communication from its AD Banker on September 3, 2025, conveying that the post-facto approval sought from RBI has not been acceded to. TBO Tek, in consultation with its advisors, is currently evaluating available options to determine the appropriate course of action.

TBO Tek said it remains committed to complying with all applicable laws and regulations and will continue to keep the Stock Exchanges informed of any material developments in this regard. This disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's registered office is located at E-78 South Extension Part-I, New Delhi-110049, India, and its corporate office is at Plot No. 728, Udyog Vihar Phase-V, Gurgaon-122016, Haryana, India. The CIN is L74999DL2006PLC155233.

Neera Chandak, Company Secretary of TBO Tek Limited, is the contact person for this disclosure.

 

Alpha Desk
first published: Sep 4, 2025 12:26 pm

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