Info Edge (India) Limited has disclosed that it has received a whistleblower complaint alleging policy violations by certain employees in its 99acres real estate business vertical.In a filing on Saturday, the company said the matter has been taken up by its Audit Committee and Board of Directors, who have appointed a specialist law firm to conduct an independent and comprehensive investigation into the allegations.
The company emphasised that, at present, there is no material impact on its financial statements. The complaint, it said, will be handled in line with its whistleblower policy, available on its website.
Also Read: Info Edge Q1 Results: Profit up 27% YoY, non-core platforms outpace hiring bizInfo Edge, best known for its flagship job portal Naukri.com and real estate platform 99acres.com, has previously highlighted its commitment to corporate governance and compliance. By appointing an external legal adviser, the company signalled its intent to maintain transparency in the process.
On Friday, shares of Info Edge (India) Ltd closed at ₹1,363.40 on the NSE, down 0.62%.
