RBZ Jewellers Receives Rs 1.01 Crore Insurance Claim for Fraud Recovery
RBZ Jewellers Limited received Rs 1,01,82,444 from IFFCO-Tokio General Insurance as partial settlement for employee fraud recovery, bringing total recovery to Rs 1,24,57,337 against estimated fraud impact of Rs 1,98,11,486. The company continues pursuing recovery of remaining amount while cooperating with investigating authorities, with the net financial impact reduced accordingly.
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RBZ Jewellers Limited has received a significant insurance claim settlement of Rs 1,01,82,444 from IFFCO-Tokio General Insurance Co. Ltd, marking progress in recovering losses from employee fraud previously disclosed to the stock exchanges.
Insurance Claim Settlement Details
The company informed BSE Limited and National Stock Exchange of India Limited on 24th February 2026 about receiving the insurance amount as partial settlement of claims lodged in connection with fraud committed by an employee. This development follows the company's earlier intimation dated 04th March 2025 regarding the fraud incident.
| Recovery Parameter: | Amount (Rs) |
|---|---|
| Insurance Claim Received: | 1,01,82,444 |
| Total Recovery to Date: | 1,24,57,337 |
| Estimated Fraud Impact: | 1,98,11,486 |
| Remaining Amount: | 73,54,149 |
Financial Impact Assessment
With the receipt of this insurance claim amount, RBZ Jewellers' total recovery now stands at Rs 1,24,57,337 against the estimated fraud impact of Rs 1,98,11,486 as disclosed in the previous intimation. The net financial impact on the company has been reduced accordingly, providing some relief to the organization's financial position.
Ongoing Recovery Efforts
The company continues its efforts to recover the remaining amount and is extending full cooperation to investigating authorities. This demonstrates RBZ Jewellers' commitment to pursuing all available avenues for complete recovery of the fraudulent losses.
Regulatory Compliance
The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders. Company Secretary & Compliance Officer Heli Akash Garala signed the intimation, maintaining proper corporate governance standards in communicating material developments to the exchanges.
Historical Stock Returns for RBZ Jewellers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.14% | -8.77% | -7.23% | -7.93% | -26.59% | +18.63% |
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