Rbz Jewellers Limited has informed the Exchange about General Updates
RBZJEWEL · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.1 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RBZ Jewellers has received Rs. 1.02 crore from IFFCO-Tokio General Insurance as a partial settlement of the insurance claim linked to a fraud committed by an employee, which was first reported in March 2025. With this receipt, the total recovery against the fraud stands at Rs. 1.25 crore. The total estimated impact of the fraud was Rs. 1.98 crore, meaning roughly 63% has now been recovered. The company said it is continuing to pursue recovery of the remaining amount and is cooperating with investigating authorities.
This is a positive development for shareholders as a significant portion of the employee fraud loss is being recovered through insurance, reducing the net financial hit. The remaining unrecovered amount is still being pursued, so the final impact on earnings is not yet fully known.