RedTape Limited, a leading lifestyle and fashion brand headquartered in Noida, Uttar Pradesh, has officially notified the stock exchanges that the Income Tax Department carried out search proceedings at some of the company’s locations between September 11, 2025, and September 16, 2025. The disclosure was filed with both the BSE and the NSE in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations).

In its filing, RedTape Limited assured stakeholders that it has fully cooperated with the Income Tax Department officials throughout the search proceedings. The company also clarified that its business operations remain unaffected and continue as usual, indicating that there has been no disruption to its ongoing manufacturing, sales, or retail activities.

Details of the Search Proceedings

The disclosure stated that the search proceedings by the Income Tax Department were carried out at multiple company locations, including some of its offices and operational units. These proceedings spanned from September 11 to September 16, 2025, a period of six days.

The company highlighted that it has responded to all clarifications and information requests made by the tax authorities during this period. Furthermore, it reassured shareholders and customers that it will continue to comply with any further requests for information or documentation from the authorities as and when required.

Regulatory Filing with BSE and NSE

The intimation was formally communicated to the BSE (Scrip Code: 543957) and the NSE (Symbol: REDTAPE). Under SEBI LODR Regulations, it is mandatory for all listed entities to inform the stock exchanges about significant developments, including search and seizure actions by government authorities, that could potentially impact the company.

By making this disclosure, RedTape Limited has demonstrated regulatory compliance, transparency, and good governance, ensuring that investors, regulators, and the public are fully informed of the development.

Assurance on Business Continuity

The company emphasised that business operations continue to function as normal despite the proceedings. This assurance is critical in preventing market speculation and protecting investor confidence. RedTape Limited further added that it will comply with its legal obligations for disclosures from time to time, indicating a commitment to timely and transparent communication with stakeholders.

About RedTape Limited

RedTape Limited is a well-established Indian brand known for its footwear, apparel, and lifestyle products. Registered under CIN: L74101UP2021PLC156659, the company has grown into a global name in the fashion and retail space, offering a diverse portfolio of products.

Its registered office is located in Noida, Uttar Pradesh, with major operational units across India, including in Unnao (Uttar Pradesh) and Kashipur (Uttarakhand). The company is listed on both major stock exchanges, BSE and NSE, making it accountable to a large base of retail and institutional investors.

Importance of Disclosure under SEBI LODR

The SEBI LODR framework ensures that all listed companies maintain a high level of transparency in their operations and promptly disclose material events. Events like search proceedings by the Income Tax Department are considered material because they can potentially impact the company’s reputation, investor confidence, and financial standing.

By notifying exchanges on time, RedTape Limited has taken a proactive step in avoiding rumours, misinformation, and unnecessary panic among stakeholders. This kind of disclosure strengthens investor trust in the company’s governance practices.

Market Perception and Investor Impact

When regulatory authorities such as the Income Tax Department conduct search proceedings, it often raises questions in the market about the possible findings or implications. However, in this case, RedTape Limited has been clear in its communication that:

1. The company has fully cooperated with authorities.

2. It has responded to all queries and clarifications.

3. Business operations remain unaffected.

Such transparency is crucial in ensuring that investor sentiment remains stable. The company’s reassurance that operations are continuing without disruption helps avoid unnecessary speculation.

Corporate Governance and Compliance

RedTape Limited’s quick disclosure of the event indicates its commitment to strong corporate governance and compliance standards. By being upfront about the proceedings and assuring stakeholders of continuity, the company is aligning itself with best practices in investor relations and regulatory compliance.

Looking Ahead

As of now, the company has not indicated any findings or outcomes from the search proceedings. It has committed to providing further updates and disclosures as and when required by law. Investors, analysts, and the market will be closely watching future communications from the company regarding this matter.

In the meantime, the unaffected status of business operations ensures that the company’s customers, employees, and partners will not face any immediate impact. This stable outlook is particularly important for a consumer-facing company like RedTape, where brand reputation and trust play a central role in business growth.

Conclusion

The disclosure of the Income Tax Department’s search at RedTape Limited’s offices is a significant regulatory update. However, with the company’s assurance of full cooperation with authorities and its emphasis that operations remain unaffected, investor concerns are expected to be minimal.

Going forward, RedTape Limited’s transparency, adherence to disclosure obligations, and focus on uninterrupted operations are likely to sustain stakeholder confidence. The company has positioned itself as a responsible listed entity, reinforcing its long-term credibility in the eyes of the market.

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