Ashiana Housing has informed that in further to the disclosures and clarifications provided to the stock exchanges through letters dated 11th August 2021 and 24th August 2021, on misappropriation of funds in the company, a forensic audit was conducted on their behalf, which on conclusion, has revealed that the total misappropriated amount is Rs 4.26 crores The Company has already initiated legal proceedings to recover the misappropriated amount.
The above information is a part of company’s filings submitted to BSE.
