Rathi Bars Limited on December 23, 2025, submitted a clarification to the BSE explaining the delay in filing its corporate announcement related to an Income Tax search and seizure action conducted at the company’s premises and the residences of its directors.

The clarification was issued pursuant to an email from the stock exchange seeking additional details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular dated July 13, 2023.

Income Tax search details

The company confirmed that a search and seizure action under Section 132 of the Income Tax Act, 1961, was conducted on December 15, 2025, in the case of Rathi Bars Limited and its directors:

• Mr. Anurag Rathi (DIN: 00063345)

• Mr. Uddhav Rathi (DIN: 06604905)

The search proceedings were carried out at multiple locations, including:

• Registered and Head Office at Mohan Co-operative Industrial Estate, New Delhi

• Factory premises at RIICO Industrial Area, Khushkhera, Bhiwadi, Rajasthan

• Residential premises of the directors in New Delhi

Duration of the search

According to the disclosure:

• The search at the registered office commenced on December 15 at 10:45 AM and concluded on December 19 at 6:55 PM

• The factory premises search concluded on December 18 at 10:30 PM

• The residential premises search was completed on December 15 at 6:00 PM

Reason for delay in disclosure

Rathi Bars stated that during the course of the search proceedings, access to company systems, laptops, computers, websites, and electronic records was restricted by the concerned authorities.

Following completion of the search, the company required additional time to:

• Restore system and digital access

• Retrieve relevant regulatory and compliance data

• Verify information prior to exchange disclosure

As a result, the filing of the material event under Regulation 30 was delayed.

Company’s explanation to the exchange

The company emphasized that the delay was:

• Bona fide and procedural in nature

• Unintentional and due to circumstances beyond its control

• Not driven by any mala fide intent

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