Enviro Infra Engineers Limited has informed the Exchange about Fraud/Default/Arrest
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On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 2.8 pts less than its Other Utilities peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Enviro Infra Engineers Limited has reported a cyber fraud incident where fraudsters, through impersonation, manipulated an employee and fraudulently transferred ₹11.15 crores from the company's bank account to unidentified accounts. The fraudulent transactions occurred between 27 June 2025 and were detected on the night of 1 July 2025. The company has filed a complaint on the Cyber Crime Portal and informed the local Cyber Crime Police Station, with an investigation currently underway. As a mitigation measure, the company's Executive Directors — the Chairman & Whole-Time Director and the Managing Director — have voluntarily decided to forgo their salaries until the entire loss amount is fully compensated.
This is a material negative event with a direct financial loss of ₹11.15 crores, which may weigh on the stock price in the short term. The voluntary salary sacrifice by the top leadership is a positive governance signal, but the actual recovery of funds depends on the outcome of the police investigation, which remains uncertain.