ED Provisionally Attaches ₹14,50,09,700 of Forfeited Warrant Money Under PMLA
The Enforcement Directorate (Raipur) passed a provisional attachment order dated September 25, 2026 under PMLA, attaching ₹ 14,50,09,700/- from the company's account.
By ScoutQuest · · 1 min read
- Attachment Amount
- ₹14,50,09,700/-
- Attachment Order Date
- September 25, 2026
- Attachment Duration
- 180 days
- Legal Basis
- Section 5(1) of Prevention of Money Laundering Act, 2002
- Source of Attached Funds
- 25% upfront warrant allotment money forfeited after allottees defaulted on 75% within 18 months
What happened
The Office of the Deputy Director, Directorate of Enforcement, Raipur Zonal Office, issued a provisional attachment order dated September 25, 2026 under section 5(1) of the Prevention of Money Laundering Act, 2002. It attaches ₹ 14,50,09,700/- from an account maintained by Speciality Restaurants Limited.
Where the money came from
- The attached sum is the 25% upfront amount received by the company at the time of allotment of warrants.
- The relevant allottees defaulted on paying the remaining 75% within the 18 months conversion period from the date of allotment.
- The company therefore forfeited that upfront amount, and it is this forfeited money the order concerns.
How long it lasts
The order states the attachment shall remain in force for a period of 180 days, as part of the ongoing investigation in a money laundering case.
Company's position
- The company says it is not named as an accused in the underlying predicate offence or in the money laundering investigation.
- It is in discussions with its lawyers and will pursue legal remedies as available and advised.
Stated impact
The company states there is no immediate impact on its operations or other activities, and that the financial impact is limited to the amount of ₹ 14,50,09,700/- specified in the order.
What investors may watch
A provisional attachment restricts the company's access to the attached funds while the matter proceeds. Progress of the investigation, adjudication of the attachment, and the outcome of any legal steps the company takes are the points to follow.
Also from Speciality Restaurants
Board meeting on November 3, 2026 to consider September quarter results
23 Oct 2026
Clarification on ED Provisional Attachment of ₹14,50,09,700 Forfeited Warrant Money; Company Not an Accused
28 Sep 2026
New Restaurant 'SICILIANA' Launched at Balewadi High Street, Pune
26 Sep 2026
More numbers
- Amount provisionally attached₹ 14,50,09,700/-
- Upfront portion received on warrant allotment25%
- Balance amount unpaid by allottees75%
- Warrant conversion period18 months
- Duration attachment remains in force180 days
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