Serious Fraud Investigation Office Launches Inquiry into Bharat Road Network and Subsidiary
Bharat Road Network Ltd, along with its subsidiary Orissa Steel Expressway Private Limited, has been notified regarding an investigation initiated by The Serious Fraud Investigation Office (SFIO). The inquiry relates to the affairs of SREI Infrastructure Finance Limited and other companies currently under scrutiny.The company received communication from the SFIO, which operates under the Ministry of Corporate Affairs (MCA), on July 14, 2026. This action involves an investigation into Bharat Road Network and its subsidiary concerning matters under Section 212(1)(c) of the Companies Act, 2013, including a request for information under Section 217(1) of the Companies Act, 2013.
Details regarding the notice received from the SFIO are summarized below:
| Particulars | Details |
|---|---|
| Authority Name | Serious Fraud Investigation Office (SFIO) |
| Nature of Action | Investigation into Bharat Road Network and Orissa Steel Expressway Private Limited under Section 212 of Companies Act, 2013; calling of information under Section 217(1). |
| Date of Receipt | July 14, 2026 |
| Violation Details | No details were mentioned in the referred Notice. |
| Financial Impact | Currently, there is no material impact on financial, operation or other activities of the Company or its subsidiary. |
Following the issuance of this investigation notice, Bharat Road Network and its subsidiary maintain that they will cooperate with the SFIO throughout the investigative process. The company affirmed that it continues to operate in the normal course of business.
BRNL Stock Price Movement
As of 3:01 PM, shares of Bharat Road Network Limited are slipping by 1.49% in live trading, currently priced at ₹17.84 after shedding ₹0.27 per share. The stock is experiencing steady activity in the market, with 22,225 shares traded so far this 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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