14-Oct-2026 18:03:43

SERVOTECH : TWO EMPLOYEES ARRESTED IN SUSPECTED FRAUD; AMOUNT ~RS 2-2.5 CR

• Mr. Gagandeep Rajora and Mr. Vijay Kumar, two employees of the company, arrested in suspected internal fraud also involving an external party • Estimated amount involved unchanged at approximately ₹2.00–2.50 Cr; may be revised based on investigation findings • Investigating officer has recovered goods and cheques worth ~₹75.65 L • Final impact on the company and its financial position cannot be determined at this stage • Independent forensic auditor appointed to review internal controls; internal processes and approval mechanisms strengthened

Servotech Renewable Power System Limited

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