TBO Tek faces FEMA violation probe after revenue growth report

TBO Tek Limited has submitted an application for post-facto approval regarding alleged Foreign Exchange Management Act violations involving transactions totaling INR 71.23 crore.

As of July 28, 2025, the company's authorized dealer bank resubmitted the application to the Reserve Bank of India.

The company also reported it has fully utilized its IPO proceeds of INR 400 crore for the quarter ended June 30, 2025, with funds allocated towards technology and data solutions and investment in Tek Travels DMCC.