The Ruby Mills Limited — Important, 20-06-2025: General Updates

The Ruby Mills has announced a board meeting to review the financial results for the quarter and half-year. The company voluntarily paid ₹101 Cr related to a dispute involving Shreem Corporation Ltd., despite no fault or loan benefit, to protect its reputation. The Enforcement Directorate has filed a prosecution complaint under the Prevention of Money Laundering Act naming the company and its MD, citing provisional attachment of ₹2.6 Cr interest earned on fixed deposits linked to amounts from Rajput Retail Ltd. The company is engaging legal counsel and asserts its non-involvement in wrongdoing while cooperating fully.