RCOM says CBI search at director’s residence will not hit operations

Reliance Communications Limited ( (IN:RCOM) ) has issued an update.

Reliance Communications has disclosed that India’s Central Bureau of Investigation conducted a search and seizure operation on May 9, 2026, at the residence of non-executive, non-independent director Grace Thomas, a former director of wholly owned subsidiary Reliance Telecom. Investigators took possession of her personal details, a forensic audit report covering Reliance Communications, Reliance Infratel and Reliance Telecom, and certain accounting and tax records of Reliance Telecom.

The company said the CBI action, carried out under provisions of the Bhartiya Nagarik Suraksha Sanhita and related criminal and anti-corruption laws, is not expected to affect its financials or day-to-day operations. Reliance Communications, which remains under the protections of India’s Insolvency and Bankruptcy Code during its ongoing resolution process, emphasized that its business continues to run in the normal course despite the investigative developments.

More about Reliance Communications Limited

Reliance Communications Limited is an Indian telecommunications company formerly engaged in providing mobile and related telecom services, now under a corporate insolvency resolution process. Its operations and assets have been managed by a court-appointed resolution professional since 2019, reflecting a prolonged restructuring phase in a highly competitive and capital-intensive industry.

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Technical Sentiment Signal: Sell

Current Market Cap: 2.68B INR

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