Corporate Fraud/Misdemeanor - Public Domain - India lessons

[james_kerala]

Satish's SME Corner notes and concall updates

Reg the genuineness of orderbook and faking of orders, one such example is Dronacharya. They did everything to fool investors and agencies. But eventually got caught. Below is the high-level findings of sebi . DroneAcharya overstated FY24 revenue by about ₹12.35 crore, mainly through Triconix and IRed, without any real delivery of goods or services. Several “customers” used for invoicing had residential or small-shop addresses, indicating orders were fictitious. Without these inflated sales, t…

Dronacharya - bookmarking in this thread for easy tracking and learning.