Friday, January 23
Shares of HG Infra Engineering were trading over 2.5% lower on Friday, January 23, placing the stock among the top losers on the NSE, following the company’s disclosure of search operations conducted by investigative agencies earlier this week.
In an exchange filing dated January 22, 2026, HG Infra Engineering informed that simultaneous search operations were carried out by the Central Bureau of Investigation (CBI) and the Anti-Corruption Bureau (ACB), Patna, at multiple company locations on January 21, 2026. The disclosure was made under Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.
According to the filing, the searches were conducted under case number RC 0232026A0005, invoking Section 61(2) read with Sections 7, 7A, 8 and 9 of the Prevention of Corruption Act, 1988, as amended in 2018. The search operations commenced at 6:10 PM on January 21 and concluded at 1:00 AM on January 22, 2026.
The investigative agencies carried out searches at three locations: the company’s corporate office in Jaipur, its regional office in Gurugram, and a project site office in Bihar. HG Infra Engineering stated that it fully cooperated with officials during the proceedings and provided all clarifications and information sought during the searches.
In its disclosure, the company said that its business operations continue as usual and remain unimpacted by the search operations. It also noted that, at this stage, details of any alleged violations or contraventions cannot be ascertained, and the financial impact is not quantifiable in monetary terms.
Despite the clarification on operational continuity, the stock came under pressure in Friday’s session. As of the latest trade, HG Infra Engineering shares were quoted at around Rs 646.45, down 2.5% on the NSE, reflecting investor reaction to the regulatory development.
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