StockWatch
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Civil Construction
Legal21 May 2026, 01:15 pm

Cemindia Projects: Court Discharges Company in Bribery Case

AI Summary

Cemindia Projects Ltd announced that the Court of Special Judge for SPE & ACB Cases, Vijaywada, discharged the company and a former employee from a case alleging an attempt to bribe public servants. The discharge follows a criminal miscellaneous petition filed by the company and the former employee. The information was received by the company on May 20, 2026. The case was initially registered against a former employee and a representative (both no longer with the company).

Key Highlights

  • Cemindia Projects and a former employee discharged in bribery case.
  • Court granted the criminal miscellaneous petition filed by the company.
  • The case was related to alleged offences under the Prevention of Corruption Act.
  • The information was received by the company on May 20, 2026.
  • No expected financial implications or quantum of claims are applicable.