PNB Housing identifies Rs 237 Cr fraud, already written off

Fraud confirmedRegulatory & Legal View source PDF Explain this filing

PNBHOUSING · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-8.0%Reaction day

₹933.00

prior close

₹925.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.9%-8.9% vs market

Housing Finance Company peers, median of 17sector+1.4%-9.4% vs sector

On the reaction day the stock moved 8.9 pts less than Nifty Smallcap 250 and 9.4 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.9

10m

-3.9

15m

-4.4

30m

-4.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-8.0+0.9-8.9+1.4-9.4

Next day

-13.0-1.1-11.9+0.3-13.3

-11.4-0.9-10.5+1.0-12.4

-9.5+1.0-10.5+2.3-11.8

-10.4+1.0-11.4+3.0-13.4

-11.8+1.8-13.7+4.7-16.5

-12.0+3.1-15.1+3.5-15.5

15d

-10.4+3.3-13.7-0.8-9.6

-10.3+3.5-13.9-2.3-8.0

-20.2-8.0-12.1-11.6-8.5

+6.1+7.8-1.7+4.8+1.3

UpDownMarket · Nifty Smallcap 250Sector · Housing Finance Company peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

PNB Housing Finance reported a fraud involving borrower Sarv Realtors of Rs 237.43 crore to the National Housing Bank. The account was already written off in FY 2022-23, so there is no material impact on the company's financials or operations. The company is pursuing legal action against the borrower.

Likely market impact

Negligible financial impact as the account is already written off; reputational risk and ongoing legal recovery efforts.