Enforcement Directorate Conducts Raids at Anant Raj Limited's Delhi Office in Money Laundering Probe
Enforcement Directorate Raids Anant Raj Limited's Delhi Office
The Enforcement Directorate on Friday, April 24, 2026, conducted raids at Anant Raj Limited's Delhi office in connection with an ongoing money laundering investigation, with searches beginning early in the morning and continuing through the day. The action was conducted under the Prevention of Money Laundering Act (PMLA), though specific details of the case have not been made public.
According to the company's statement, officials from the Enforcement Directorate visited the corporate office and premises of certain company officers to gather specific information concerning past disposal and sale of investments in an associate company, with the management confirming full cooperation and providing all necessary documentation and clarifications.
Sharp Equity Market Reaction
The announcement triggered an immediate market response. Anant Raj shares fell sharply after the ED search report, with the stock closing down 8.84 percent at Rs 465. At an intraday point around 2:48 pm IST on April 24, the stock traded down 6.40 percent or Rs 32.65 at Rs 477.60, hitting an intraday low of Rs 476.10. A sharp drop was observed around 2:30 pm IST when the price fell from about Rs 500 to Rs 476 within minutes, coinciding with the circulation of the ED raid report.
Both BSE and NSE sought clarification from the company on April 24, 2026, with reference to the news report about ED raids, and replies were awaited.
Company Response and Business Continuity
The company emphasized that the Enforcement Directorate proceedings have had zero impact on its ongoing Real Estate, Data Center, and Cloud Operations, with all business activities continuing as usual. Anant Raj reaffirmed its commitment to maintaining high standards of integrity and corporate governance, maintaining that it remains fully compliant with all applicable laws.
Separately, Anant Raj informed exchanges that it will announce its fourth quarter (Q4 FY26) results on May 11.
About Anant Raj Limited
Anant Raj Limited was founded in 1969 and is headquartered in New Delhi. The company is primarily engaged in the real estate and infrastructure development business in India and Singapore, developing and constructing residential townships, group housings, commercial developments, information and technology parks, malls, office complexes, affordable housings, data centres, hospitality, and serviced apartments.
The company's journey began as DDA contractors for major government bodies, including DDA, MES, PWD, and CPWD, from 1969 to 1990, cementing its reputation as one of the most reliable and experienced players in the industry. The company has developed over 21 million square feet of built-up area and holds a significant land bank for future projects.
In fiscal year 2026, Anant Raj's revenue was Rs 25.12 billion, an increase of 21.92 percent compared to the previous year's Rs 20.60 billion, with earnings at Rs 5.55 billion, an increase of 30.30 percent.
In addition to its core real estate operations, Anant Raj Limited has expanded into data centre infrastructure. In June 2026, Anant Raj signed an MoU with the Haryana government for a Rs 25,000 crore data center and cloud services investment.
Market Context
The ED has stepped up its scrutiny of the real estate sector, carrying out consecutive search operations over two days—first at Anant Raj Limited's office in Delhi on April 24 and then at multiple locations linked to Raheja Developers across the National Capital Region (NCR) on April 25—both under the Prevention of Money Laundering Act, signaling a broader crackdown on alleged financial irregularities and homebuyer-linked fraud cases.