Edition:
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ITD Cementation India Says Unauthorised Practices On Scrap Disposal Led To Loss Of About INR 36.5 Mln


Thursday, 1 Nov 2018 

Nov 1 (Reuters) - ITD Cementation India Ltd ::SAYS COMPANY RECEIVED A COMPLAINT REGARDING ALLEGED IRREGULARITIES IN DISPOSAL OF SCRAP.ITD CEMENTATION INDIA -BASED ON FINDINGS SOME EMPLOYEES WERE FOUND TO HAVE ENGAGED IN UNAUTHORISED ACTIVITIES DETRIMENTAL TO INTEREST OF CO.ITD CEMENTATION INDIA - UNAUTHORISED PRACTICES IN RELATION TO DISPOSAL OF SCRAP OVER LAST 3 YEARS.SAYS UNAUTHORISED PRACTICE RESULTED IN LOSS TO COMPANY OF ABOUT 36.5 MILLION RUPEES.ITD CEMENTATION INDIA -WILL TAKE ACTION AGAINST THESE EMPLOYEES, INCLUDING TERMINATION OF THEIR EMPLOYMENT AS DIRECTED BY AUDIT COMMITTEE. 

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128.15
5.55 +4.53%
18 Apr 2019