Embezzlement of Rs. 6.08 Crores from Camlin Fine Sciences' Subsidiary Bank Accounts in Guatemala

Camlin Fine Sciences Ltd. reported unauthorized transactions from the bank accounts of its wholly owned step-down subsidiary, Britec SA, Guatemala. The fraud, committed over a period between July 2024 to February 2025, was carried out by the Finance Manager, Mr. Victor Manuel Reynoso Reyes. The estimated amount involved is around Rs. 6.08 crores, and an adequate provision has been made in the consolidated financial statements for the quarter and year ended March 31, 2025. The company has filed a complaint with the Ministerio Publico of Government of Guatemala as per the statute.