The order is dated December 16, 2024 whereby SEBI intimated the appointment of forensic auditor with respect to financial statements of the Company for Financial Years 2020-21 to 2022-23.
Reason – SEBI believes that the disclosure of financial information and business transactions of the Company have been dealt with in a manner which may be detrimental to the interest of investors or the securities markets; and/or an intermediary or a person associated with the securities market.
Company has said that it maintains the highest level of corporate governance, believes that the subject audit will not have any material impact and will actually further enhance shareholders’ trust in the Company.