Announced Thu, 23 Jul · 20:09 IST
Internal fraud of Rs 2-2.5 cr detected, FIR filed against two employees
SERVOTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹97.36
prior close
₹95.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4-0.3-0.4-0.4-1.8—————————
Up moveDown movePending
AI summary
The company has detected an internal fraud involving two employees and an external party. The fraud involved forgery of company tax invoices and unauthorized removal of physical inventory over a period of time. Estimated financial impact is around Rs 2-2.5 crores. A forensic auditor is being appointed to determine the final amount. FIR No. 429/2026 has been registered at Police Station Kundli, Sonipat, Haryana. The investigation is ongoing.
Likely market impact
Negative short-term sentiment but fraud value is relatively small. FIR filing shows governance. Investigation outcome remains key.