CBI Conducts Search at Residence of Director of Reliance Communications Limited
Reliance Communications Limited (RCOM) reported that officials from the Central Bureau of Investigation (CBI) conducted a search and seizure operation on May 09, 2026. The search targeted the residence of Smt. Grace Thomas, who serves as a Non Executive and Non Independent Director of RCOM and was formerly a director of Reliance Telecom Limited (RTL), a wholly owned subsidiary of RCOM.The company confirmed that its business continues to operate in the normal course.
During the operation, officials took possession of various documents and records. These included Smt. Grace Thomas's personal details, a copy of the forensic audit report prepared by BDO India LLP for Reliance Communications Limited, Reliance Infratel Limited, and Reliance Telecom Limited. Additionally, officials secured one box file containing the accounts records and income tax computations pertaining to Reliance Telecom Limited.
The search was carried out under the provisions of Section 105 / 185 of the Bhartiya Nagarik Suraksha Sanhita, 2023, relating to cases registered under RC0742026E0003 U/s 120-B, 420 IPC and Sec: 13(2) r/w 13 (1)(d) of PC Act, 1988.
According to the company's report, the search is not anticipated to impact the financial or operational activities of RCOM. The company further noted that it is undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, and is subject to protections available under the provisions of the IBC.
The matter confirms the operational status and legal context of the listed entity.
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Key Details of the Investigation
| Detail | Description |
|---|---|
| Authority | Central Bureau of Investigation (CBI) |
| Date of Action | May 09, 2026 |
| Target | Smt. Grace Thomas (Non Executive and Non Independent Director of RCOM, and erstwhile director of RTL) |
| Violation Alleged | Section 105 / 185 of the Bhartiya Nagarik Suraksha Sanhita, 2023 |
| Seized Items | Personal details of Smt. Thomas; Forensic audit report (BDO India LLP) for RCOM, Reliance Infratel Limited, and RTL; Accounts records and income tax computations of RTL. |
| Operational Impact | Not expected to impact RCOM financials or operations. |
| Company Status | Under corporate insolvency resolution process pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016. |
RCOM Stock Price Movement
On Friday, Reliance Communications Limited shares edged higher, settling at ₹0.98 after gaining 1.03% on the day. The stock traded on a volume of 2.44 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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