TBO Tek Limited has hit a regulatory roadblock after the Reserve Bank of India (RBI) declined post-facto approval for payments totaling ₹712.25 million (₹71.225 crore) received through third parties or an Indian entity on behalf of non-residents. The company disclosed the decision on September 3, 2025, citing communication from its Authorized Dealer (AD) bank. The payments, made in the past, were part of cross-border transactions common in the travel tech sector, but lacked prior regulatory clearance. The rejection underscores the RBI’s strict stance on compliance with foreign exchange norms under the FEMA framework. TBO Tek is now evaluating its options, reaffirming its commitment to regulatory compliance. Company Secretary Neera Chandak said the company will keep stock exchanges informed of material developments. The decision raises concerns over financial and operational implications, though the full impact remains to be seen. As TBO Tek consults legal and financial advisors, the case highlights the critical importance of adhering to foreign exchange regulations, especially for firms handling complex international transactions in the digital travel space. Investor confidence will hinge on how swiftly and transparently the company resolves the issue.