Solar energetic transients, e.g., flares, CMEs, etc., release large amount of energy which is expected to excite acoustic waves (p-modes) by exerting mechanical impulse of the thermal expansion of the flare on the photosphere. We study the p-mode properties of flaring and dormant active regions (ARs) to find association between flare and p-mode parameters. We compute the magnetic and flare activity indices of ARs using the line-of-sight magnetograms and GOES X-ray fluxes, respectively. The p-mode parameters are computed from the ring-diagram analysis. We correct p-mode parameters for magnetic field, filling factors and foreshortening by multiple linear-regression analysis. Our analysis of several flaring and dormant ARs observed during the Carrington rotations 1980-2109, showed strong association of mode parameters with magnetic and flare activities. We find that the mode parameters are contaminated by the geometrical effect. Mode amplitude decreases with angular distance from the solar disc centre. The mode width increases with magnetic activity while amplitude showed opposite relation due to mode absorption by the sunspot. After correcting modes due to all geometrical effects, magnetic activity and filling factor, we find that the modes amplitude, and mode energy increases with flare energy while width shows opposite relation.