BSECompany Update28 Sept 2026 · 28 Sept 2026, 02:46 am
Further Clarification under Regulation 30(7) of SEBI LODR Regulations - in continuation to disclosure dated September 26, 2026 - provisional attachment order ("PAO"); Company not named as accused.
Speciality Restaurants Ltd · 534425
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Speciality Restaurants Ltd clarifies that it is not named as an accused in the provisional attachment order (PAO) and cooperates with the Directorate of Enforcement. The PAO attaches ₹ 14,50,09,700, a 25% upfront amount received from investors/warrant allottees, for 180 days. The Company continues to operate normally.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact7/10
Market Sentiment5/10
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Speciality Restaurants Ltd - 534425 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
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CIN: L55101WB1999PLC090672 Email : corporate@speciality.co.in
Morya Land Mark – 1, 4th Floor, B-25, Veera Industrial Estate, Off New Link Road, Andheri (W), Mumbai 400 053
Tel. No. (022) 62686700 Website-www.speciality.co.in
September 28, 2026
General Manager, Vice President,
Listing Operations, Listing Compliance Department,
BSE Limited, National Stock Exchange of India Limited,
P.J. Tower, Dalal Street, 'Exchange Plaza', Bandra Kurla Complex,
Mumbai - 400 001. Bandra (E), Mumbai - 400 051.
Scrip Code: 534425 Scrip Code: SPECIALITY
Dear Sir/ Madam,
Sub: Further clarification under Regulation 30 (7) of SEBI LODR Regulations - in continuation to
disclosure dated 26 September 2026 – provisional attachment order (“PAO”); Company not
named as an accused.
This is in continuation of the 26 September, 2026 disclosure and that the material facts are unchanged.
At the outset, the Company clarifies that it is not named as an accused in the underlying investigation
referred to in the PAO and no complaint has been filed against the Company. The Company is only a
noticee to the PAO as the holder of the amount provisionally attached, and not as an accused. The PAO
does not initiate any action against the Company.
As understood from the PAO, the investigation concerns certain investors / warrant allottees and funds
received from them. The sum of ₹ 14,50,09,700 specified in the PAO is the 25% upfront amount
received by the Company on allotment of convertible warrants to those allottees. That amount was
forfeited by the Company because the relevant allottees did not pay the remaining 75% within the
prescribed 18 month conversion period. The PAO provisionally attaches that forfeited amount (together
with interest thereon, as stated in the PAO) in a bank account of the Company, for a period of 180 days.
The attachment is confined to that amount. It does not attach the Company’s other assets.
The Company has been cooperating with the Directorate of Enforcement, and the PAO also records
that the Company, through its authorised representative and with Board authority, has provided a
statement and undertook to keep the said amount available.
There is no immediate impact on the operations or other activities of the Company, other than the
restriction on the amount specified in the PAO. The said amount has been earmarked and is not being
used in the ordinary course of business.
The Company continues to cooperate with the Directorate of Enforcement and will pursue such
remedies as may be available in accordance with law. Material developments will be intimated to the
stock exchanges as required under Regulation 30.
The above information will also be available on the company website at www.speciality.co.in. We
request you to take the above information on record and suitably disseminate to all concerned.
Thanking you.
Yours sincerely,
For Speciality Restaurants Limited
Avinash Kinhikar
Company Secretary & Legal Head
Registered Office: ‘Uniworth House’ 3A , Gurusaday Road, Kolkata – 700019.