Legal26 May 2026, 02:01 pm
Oswal Greentech: Fraud Involving Former Rep, ₹14.58 Cr Impact
AI Summary
Oswal Greentech Ltd has reported a fraudulent conduct and unauthorized acts involving its former authorized representative, Mr. Vishnu Prasad Muddana, related to a proposed property transaction at Rishra Village. The estimated impact on the company is ₹14.58 Crores. Mr. Muddana, who previously served as CFO of Oswal Agro Mills Limited, allegedly engaged in collusion and misrepresentation despite termination of his authorities. The company has initiated legal proceedings and issued a legal notice. The board also approved the annual audited financial results with a modified opinion from the statutory auditors, Mehta Chokshi & Shah LLP.
Key Highlights
- Oswal Greentech identifies fraudulent acts by former representative, Vishnu Prasad Muddana.
- The alleged fraud relates to a property transaction and involves ₹14.58 Crores.
- Legal proceedings have been initiated against the former representative.
- Audited financial results approved with a modified opinion from auditors.
- Matter reported to appropriate authorities.
Price Impact
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