Cemindia Projects Limited Former Employee and Company Discharged by Vijayawada Court
Cemindia Projects Limited announced that the former employee and the Company have been discharged from a criminal case by the Court of Special Judge for SPE & ACB Cases in Vijayawada.The matter pertains to a criminal case initially registered by the State ACB, CIU, A.P., Vijayawada, against a former employee and a former representative of Cemindia Projects Limited, as well as the Company itself. The allegations involved attempting to bribe public servants, invoking offences under the Prevention of Corruption Act, 1988 read with the Indian Penal Code, 1860.
The company had previously communicated about the case, following earlier records from January 19, 2018, and January 12, 2024.
The former employee and the Company filed a Criminal Miscellaneous Petition (CMP) seeking discharge from the case. The Learned Court granted the petitioners' request, passing an order dated April 13, 2026. Consequently, the former employee and the Company stand discharged from the charges.
The details of the original dispute and the subsequent discharge are summarized below:
| Detail | Description |
|---|---|
| Opposite Party | The State ACB, CIU, A.P., Vijayawada |
| Court/Tribunal | Court of the Special Judge for SPE & ACB Cases - Cum - III Addl. District Judge, Vijayawada, Andhra Pradesh |
| Original Allegation | Offences under the Prevention of Corruption Act, 1988 read with the Indian Penal Code 1860, relating to an alleged attempt to bribe public servants. |
| Resolution | The Court granted the Criminal Miscellaneous Petition, discharging the former employee and the Company. |
| Date of Discharge | April 13, 2026 |
| Financial Implications | Not Applicable |
The information regarding the discharge was made available to Cemindia Projects Limited on May 20, 2026, at 2:47 p.m. IST.
CEMPRO Stock Price Movement
Shares of Cemindia Projects Limited are edging higher to ₹872.85 as of 2:02 PM today, gaining 2.50% in live trading. The stock is seeing robust buying interest, with trading volume currently standing at 207,883 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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