ED Initiates Search Proceedings and Provisional Attachments at Hampton Sky Realty Ltd
Hampton Sky Realty Limited reported that the Directorate of Enforcement (ED) conducted search proceedings at its corporate office and the residential premises of its key management personnel on April 17, 2026. The searches at the company's Gurugram office concluded on April 19, 2026.The search proceedings at the company’s corporate office, located in Gurugram, Haryana, were initiated on April 17, 2026, and concluded on April 19, 2026, at approximately 1:20 AM. On the same date, searches were also carried out at the residential premises in Ludhiana and Gurugram belonging to Mr. Sanjeev Arora (former Managing Director) and Mr. Kavya Arora (Managing Director).
The ED stated that these actions were taken in exercise of powers conferred under Section 37 of the Foreign Exchange Management Act, 1999, read with Section 132 of the Income Tax Act, 1961.
Key Findings and Attachments
The ED passed orders detailing several provisional attachments and seizures. The attached details highlight the key outcomes of the proceedings:| Location | Subject | Actions Taken / Orders Passed |
|---|---|---|
| Corporate Office (Gurugram) | Hampton Sky Realty Limited | ED provisionally attached the company's bank accounts, demat accounts, and certain immovable properties for a period of 180 days. The ED also ordered that the electronic locker at the company's premises could not be removed or dealt with without prior permission. |
| Corporate Office (Gurugram) | Company | Certain files were seized during the search proceedings. |
| Residential Premises (Ludhiana) | N/A | No document or article was seized, nor was any prohibitory order passed. |
| Residential Premises (Gurugram) | Mr. Sanjeev Arora (former MD) | Cell phones and a laptop were seized. An order was passed prohibiting the removal or dealing with the almirah located in his bedroom without prior ED permission. |
The company noted that the aforesaid orders, along with the Panchnama, were received on April 19, 2026.
Allegations of Contravention
The ED's Provisional Attachment Order, dated April 19, 2026, alleged violations of Section 7 of the Foreign Exchange Management Act, 1999, read with Regulation 9 of the FEMA (Export of Goods and Services) Regulations, 2015. The financial implications of these alleged violations could not be ascertained at this stage.The company stated that it extended full cooperation to the officials of the ED and provided all requested information and assistance during the course of the proceedings. Hampton Sky Realty Limited confirmed that it is currently determining the appropriate course of action in this regard and remains committed to maintaining transparency with its stakeholders.
Stock Price Movement
As of 10:13, Hampton Sky Realty Ltd shares are edging higher, currently trading at ₹11.55, marking a 0.70% gain for the day. The stock has traded across its range so far, testing a low of ₹11.11 before hitting an intraday high of ₹11.75.Source:
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