Innovision Ltd Discloses ED Search at Office and CMD Residence

Innovision Ltd confirmed the Directorate of Enforcement (ED) conducted searches on September 2 and 3, 2026. The search activities covered the company’s Gurugram office and the residence of Chairman and Managing Director, Shri Randeep Hundal.

Reader Takeaway: Company maintains operations remain normal, but ongoing ED scrutiny surrounding NHAI contracts warrants close investor observation.

What just happened

The ED, Lucknow Zonal Office, initiated a search at the company’s Gurugram office at 7:30 A.M. on September 2, 2026, which lasted until 12:30 P.M. the following day. During this process, officials copied various records and electronic data to a 16 GB storage device and recorded the statement of the Chief Financial Officer under the PMLA. Simultaneously, a search occurred at the residence of the CMD from 7:40 A.M. to 10:20 P.M. on September 2. The company explicitly stated that no incriminating documents were seized from the CMD’s residence.

Why this matters

The investigation involves documents related to National Highways Authority of India (NHAI) debarment proceedings, toll collection, and contract awards. Innovision Ltd is currently engaged in a legal dispute over an NHAI debarment order dated July 25, 2025. The Delhi High Court granted an interim stay on this order in September 2025, and the company notes that the court has previously set aside similar debarment orders in connected matters.

What changes now

Innovision Ltd reports that business operations continue without disruption. The company confirmed it has not received any official communication regarding violations or findings from the authorities at this time. Consequently, the potential financial impact remains unascertainable. Investors should continue to monitor regulatory developments, as the scope and final findings of the ED investigation could carry legal or compliance implications for the company's long-term business with government authorities.