BSECompany Update30 Sept 2026 · 30 Sept 2026, 02:15 pm
Update in continuation of our disclosure dated sept 9, 2026 regarding false/untrue and incorrect information published on scanx.trade
Raja Bahadur International Ltd · 503127
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Raja Bahadur International Ltd has issued a further update regarding false/untrue and incorrect information published on ScanX platform operated by Raise Securities. The company has noted a material inconsistency in the responses from Raise Securities and has issued a Rejoinder Notice to explain the inconsistency and provide details about the publication.
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Raja Bahadur International Ltd - 503127 - Update In Continuation Of Our Disclosure Dated September 09, 2026 Regarding False/Untrue And Incorrect Information Published On Scanx.Trade
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Date: September 30, 2026
The Deputy Manager
(Listing - CRD)
BSE Limited
PJ Tower, Dalal Street,
Mumbai-400001
Sub: Further Update in continuation of our disclosure dated September 09, 2026
regarding false/untrue and incorrect information published on scanx.trade
Dear Sir/Madam,
This is in continuation of our disclosure dated September 09, 2026 made to the Stock
Exchange regarding the publication of false, untrue and incorrect information
concerning Raja Bahadur International Limited (“Company”) on the ScanX platform
operated by Raise Securities Private Limited (“Raise Securities”).
We wish to inform the Exchange of the following further developments in the matter:
1. Pursuant to the publication identified by the Company, the Company had
issued a detailed notice dated September 09, 2026 to Raise Securities, calling
upon it, inter alia, to immediately remove the false and incorrect publication
and data, issue an appropriate retraction and apology, disclose the source and
verification process relating to the publication and preserve all relevant
records relating to the publication.
2. Subsequently, vide email dated September 10, 2026, the helpdesk of
Dhan/Raise Securities responded to the Company's Notice and expressly
confirmed that:
“We have reviewed the article and made the necessary updates. The news
article has already been removed.”
3. Thereafter, the Company received a further reply/legal response dated
September 15, 2026 from Raise Securities in which, inter alia, the publication
complained of was disputed and it was stated that the alleged
article/publication was not available or accessible as on that date.
4. The Company has noted the material inconsistency between the aforesaid
communication dated September 10, 2026, wherein Raise Securities expressly
confirmed that the article had been reviewed and removed, and its subsequent
position denying the availability/existence of the publication as on the date of
its subsequent reply.
5. In view of the aforesaid developments, the Company has issued a Rejoinder
Notice dated September 28, 2026 to Raise Securities, inter alia, calling upon
it to explain the aforesaid inconsistency and to provide details concerning the
publication, including its source, authoring, review, verification, publication,
modification and removal, and to preserve all relevant records, logs,
communications, metadata and other material relating thereto.
6. The Company has reiterated that the subsequent removal or non-availability
of the publication does not, by itself, address the Company's concerns
regarding the earlier publication or the consequences arising therefrom. The
Company has accordingly reserved all its rights and remedies in the matter.
The Company is taking appropriate steps to protect its interests and reputation and
shall continue to monitor the matter. Any further material development, as may be
required to be disclosed under the applicable provisions of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, shall be duly intimated
to the Stock Exchange.
The Company further clarifies that the aforesaid publication and the subsequent
correspondence in relation thereto do not have any impact on the financial position,
financial performance, operations or cash flows of the Company.
A copy of the Rejoinder Notice dated September 28, 2026 issued to Raise Securities
is enclosed herewith for the information of the Exchange.
You are requested to take the above information on record.
For RAJA BAHADUR INTERNATIONAL LIMITED
S. K. Jhunjhunwala
Chief Financial Officer
PAN: AANPJ8982D