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| Exchange Received Time 16/11/2018 18:29:28 Exchange Disseminated Time 16/11/2018 18:29:32 Time Taken 00:00:04 | Dear Sir/Madam,
Below information is provided pursuant to Reg 30 read with Para B of Part A of Schedule III of SEBI (LODR) Reg 2015
We have investigated the matter and as per the initial inquiries, a case of embezzlement by an employee to the extent of Rs. 22.31 Lakhs has been reported. We have confronted the employee and he has confessed. A complaint was lodged with the Police Authorities in Bhiwadi, Dist. Alwar, RJ. The Police has taken the person into custody after initial investigation
The brief particulars of the case are as given in attached document.
The company is initiating appropriate steps for recovery of the amount. Further, the investigations are being carried out by the Company and also remedial measures are being taken by the Company to ensure such cases to not take place going ahead.
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