Moneyboxx Finance Limited has reported a significant fraud incident involving a former employee who misappropriated company funds worth approximately ₹1.13 crore. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting the company's commitment to transparency and regulatory compliance.

Fraud Details and Employee Involvement

The fraud was perpetrated by Mr. Rahul Kumar, who served as Senior Finance Manager at the company. Over several months, he engaged in unauthorized transfers of company funds for personal gain, exploiting his access to KODO, an expense management software designed for managing branch-level spending, vendor payments, and reimbursements. The fraudulent activity involved transferring company funds to his personal accounts, constituting a serious breach of trust.

Company Response and Legal Action

Upon discovering the fraudulent activities, Moneyboxx Finance immediately conducted an internal review to assess the full scope of the incident. Following the investigation findings, the company took swift disciplinary action by terminating Mr. Rahul Kumar's employment. The organization has also initiated comprehensive legal proceedings against the former employee and is actively pursuing recovery of the misappropriated funds.

The company has filed a formal complaint with the police station having jurisdiction over the company location, ensuring that appropriate legal authorities are involved in the matter. This demonstrates the company's commitment to pursuing justice and recovering the stolen funds through proper legal channels.

Internal Controls and Governance Measures

In response to this incident, Moneyboxx Finance has emphasized its commitment to maintaining the highest standards of corporate governance. The company has taken proactive steps to strengthen its internal control mechanisms to prevent the recurrence of similar incidents in the future. These enhanced controls are designed to provide better oversight of financial transactions and access to critical systems like expense management software.

The disclosure was signed by Company Secretary Lalit Sharma, reflecting the company's adherence to regulatory requirements and transparent communication with stakeholders. The incident serves as a reminder of the importance of robust internal controls and continuous monitoring of financial processes in maintaining corporate integrity.

Moneyboxx Finance Limited has filed a regulatory disclosure regarding the pledge of shares by its promoters Deepak Aggarwal and Mayur Modi. The disclosure, made under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, details the creation of pledges for loan purposes.

Pledge Details and Transaction Structure

Both promoters have pledged an identical number of shares to Mufin Finance Limited, though on different dates. The pledge transactions were executed as part of loan arrangements between the promoters and the lending entity.

Post-Transaction Holdings

Following the pledge creation, both promoters now maintain encumbered shareholdings in the company. The post-event encumbered holdings reflect the cumulative impact of these pledge transactions on their respective portfolios.

Regulatory Compliance and Disclosure

The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on March 10, 2026. The filing ensures compliance with SEBI regulations governing substantial acquisition of shares and takeover provisions. The company has requested both exchanges to acknowledge receipt and update their records accordingly.

The regulatory framework requires promoters to disclose any encumbrance creation, release, or invocation involving their shareholdings. This transparency mechanism helps maintain market integrity and keeps investors informed about changes in promoter shareholding patterns.

Company Listing Status

Moneyboxx Finance Limited maintains its listing status on both major Indian stock exchanges - BSE and NSE. The dual listing provides enhanced liquidity and broader market access for the company's shares, while ensuring comprehensive regulatory oversight of such disclosure requirements.