InfoBeans Technologies Clarifies News Reports on Subsidiary Sale and Trading Halt
InfoBeans Technologies Limited has clarified that reports circulating on the “Whalesbook” platform regarding the sale of two subsidiaries and a trading halt are inaccurate. The company addressed the reports in a statement released March 31, 2026.The “Whalesbook” articles, titled “InfoBeans Sells 2 Subsidiaries, Names New Whole-Time Director” and “InfoBeans Sets April 1 Trading Halt for FY26 Results,” contained information that InfoBeans Technologies Limited asserts is factually incorrect and misleading.
The company specifically denied making any disclosure related to the sale of subsidiaries and the associated consideration mentioned in the articles. Regarding the trading halt claim, InfoBeans Technologies stated that it adheres to regulatory requirements concerning trading window closures under the SEBI (Prohibition of Insider Trading) Regulations, 2015, and does not implement “trading halts.”
InfoBeans Technologies confirmed that it consistently discloses material information and events to the stock exchanges in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The company characterized the “Whalesbook” articles as speculative and lacking verification from the company.
Surbhi Jain, Company Secretary & Compliance Officer for InfoBeans Technologies Limited, provided the clarification.
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