SERVOTECH2026-10-17SERVOTECHServotech Renewable Power System Limited000000NOTLISTEDINE782X01033Frauds or defaults by employees (Sub-para 9-Para B)Newfalse2026-10-1417:00:002026-10-17Subsequent intimation for further details regarding the fraud/defaultArrest2026-07-23The Company identified an incident of suspected internal fraud involving two employees and an external party, relating to the unauthorised removal of inventory and issuance of fraudulent invoices through misuse of the Company's internal systems. Upon detection, the Company initiated appropriate legal action, and an FIR was registered with the concerned police authorities.The estimated amount involved in the suspected fraud remains unchanged at approximately ₹2.00–₹2.50 crore, as disclosed earlier. The investigation is ongoing and the amount may be revised further depending on its findingsDuring the investigation, the Investigating officer has recovered goods and cheques having an aggregate value of Rs.75.65 lakh approx. The final impact of the fraud on the Company and its financial position cannot be determined at this stage and will be assessed upon completion of the investigation.The following corrective steps have been taken: 1. The Company has appointed an independent forensic auditor to conduct a comprehensive review of the matter and assess the adequacy of the relevant internal controls and processes. 2. The Company has strengthened its internal processes, approval mechanisms and control measures relating to financial and commercial transactions