Company Disclosure Update
Key Developments
The company received on June 9, 2026, a copy of an order dated June 6, 2026, passed by Judicial Magistrate 1st Class, Chandigarh in connection with the fraudulent transfer of funds matter.
Order Details
- Authority Passing Order: Judicial Magistrate 1st Class, Chandigarh
- Order Date: June 6, 2026
- Date of Receipt by Company: June 9, 2026
- Nature of Order: Recovery/release of funds in favor of the company
- Amount Directed for Recovery: ₹55,57,630.61 (Rupees Fifty-five Lakhs Fifty-Seven Thousand Six Hundred Thirty and Sixty-one Paise Only)
- Source of Recovery: Accounts identified during investigation of fraudulent transactions
Financial Impact
The order directs recovery of ₹55,57,630.61 from accounts identified in connection with the fraudulent transfer of funds. The company is taking necessary steps for implementation of the order and recovery of the amount.
Company Action
The company is taking all necessary steps for implementation of the said order and recovery of the aforesaid amount. Further updates, if any, having material impact on the company will be disclosed in accordance with applicable provisions of SEBI (LODR) Regulations.
Additional Information
The annexure clarifies that the order pertains to recovery of funds fraudulently transferred from the company's account and does not involve any violation/contravention committed or alleged to be committed.
#Tags: #SyschemIndia #FraudRecovery #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral