Servotech Renewable Power System Ltd. Detects Internal Fraud, Files FIR
Servotech Renewable Power System Ltd. detected an internal fraud involving inventory removal and forgery of tax invoices by two employees and an external party. The estimated impact is ₹2-2.5 crore. An FIR has been registered, and a forensic auditor is being appointed.
The fraud involves key personnel and a substantial financial impact (₹2-2.5 crore), directly affecting the company's operations and financial health.
The announcement details a significant internal fraud and financial impact on the company, which is inherently negative.
Servotech Renewable Power System Ltd. has announced the detection of an internal fraud involving two employees and an external party. The fraud reportedly involved the unauthorized removal of company inventory and the forgery of tax invoices.
The Company has initiated criminal action and registered an FIR (No. 429/2026) with Police Station Kundli, District Sonipat, Haryana.
The individuals involved have been identified as Mr. Gagandeep Rajora, Head – Supply Chain Management, and Mr. Vijay Kumar, Manager – Production Planning & Control, acting in collusion with an external entity, M/s Shri Shyam Industries. Based on preliminary internal reconciliation, the estimated impact of the fraud is approximately ₹2-2.5 crore (20-25 million). The company is in the process of appointing a professional forensic auditor to determine the final quantum of the impact.
The matter is currently under investigation, and the company is committed to maintaining high standards of corporate governance. Further updates will be provided as material developments occur.
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Servotech Renewable Power System Limited filed this with the NSE as a statutory disclosure, categorised under fraud/defaults disclosure. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Servotech Renewable Power System Limited. Read the original for the full detail.