Kajaria Ceramics Shares Dip After ₹20 Cr Fraud by Subsidiary CFO

• Kajaria Ceramics shares fell nearly 2% after a ₹20 crore fraud was uncovered in its subsidiary.
• Dilip Kumar Maliwal, CFO of Kajaria Bathware Pvt. Ltd., is accused of siphoning funds from Kerovit Global Pvt. Ltd. over two years.
• The fraud, amounting to ₹20 crore, will impact Kerovit Global Pvt. Ltd.
• The company filed a complaint with Delhi Police and terminated Maliwal's services.
• An investor conference call is scheduled, and the board will review safeguards to prevent future incidents.

Why It Matters: Kajaria Ceramics faces market pressure after a ₹20 crore fraud by a subsidiary CFO.