Update on false information published on scanx.trade
Raja Bahadur International has issued a follow-up notice to Raise Securities (operator of scanx.trade) over false information that was published about the company.
- Notice Date
- Sept 9, 2026
- Platform Operator
- Raise Securities Private Limited (scanx.trade)
- Rejoinder Notice Date
- Sept 28, 2026
- Company Statement
- No impact on financial position, financial performance, operations or cash flows
Background
Raja Bahadur International identified false, untrue and incorrect information about itself published on the ScanX platform, which is operated by Raise Securities Private Limited.
Timeline of events
- Sept 9, 2026: Company issued a notice to Raise Securities demanding immediate removal of the false publication, an apology, disclosure of the source, and verification of how the information was published.
- Sept 10, 2026: Raise Securities' helpdesk responded via email, confirming "The news article has already been removed."
- Sept 15, 2026: Raise Securities issued a legal response disputing the complaint and stating the article "was not available or accessible" on that date.
- Sept 28, 2026: Company issued a rejoinder notice pointing out the inconsistency between the two responses and demanding details on the publication's source, authoring, review, verification, publication, modification and removal, plus preservation of all records and logs.
Key concern
The company has flagged a material inconsistency: Raise Securities first acknowledged the article existed, reviewed it, and removed it, but later denied the article was ever available. This inconsistency is what prompted the rejoinder notice.
Company's position
Raja Bahadur International stated that removal or non-availability of the publication does not address the concerns about the earlier publication and its consequences. The company has reserved all its rights and remedies and is taking steps to protect its interests and reputation.
Impact on the company
The company explicitly clarified that the false publication and all related correspondence have no impact on its financial position, financial performance, operations or cash flows.
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