Suumaya Industries hits 52-week low as Company confirms that EOW took CFO into questioning

18 Jul 2022 , 12:05 PM

Suumaya Industries Limited informed that the company’s Chief Financial Officer (CFO) Dhwani Dattani was taken for questioning by the Economic Offence Wing (EOW) on June 15, 2022.

EOW took for questioning related to frivolous and baseless FIR filed by one party on February 12, 2022, and further sent to Judicial Custody on June 28, 2022.

The matter is sub-judice and hence the impact on the company cannot be ascertained. The company shall ensure all cooperation with the authorities.

This clarification is without prejudice and the company further stated that it shall publish a detailed clarification as and when it comes with the possession of further information on the issue at hand.

Following this development, Suumaya Industries’ counter fell 4.99% at Rs42.85 against the previous close of Rs45.10 on NSE. It touched a 52-week low of Rs42.85.