RBZ Jewellers Clarifies Employee Fraud Recovery Status

RBZ Jewellers Limited provided an update on the employee fraud case previously disclosed on March 4, 2025, and February 24, 2026, confirming full insurance coverage for the Rs. 1,98,11,486 claim amount under its fidelity/crime policy with IFFCO-Tokio General Insurance Co. Ltd.

Recovery Breakdown

The company recovered Rs. 22,74,893 directly from the accused employee. IFFCO-Tokio disbursed Rs. 1,01,82,444 as partial settlement, leaving Rs. 68,18,221 tied to gold currently held in judicial custody.

Judicial Process and Insurance Protection

RBZ Jewellers is pursuing legal release of the gold through competent court proceedings. Policy terms entitle the company to full indemnification from the insurer if judicial recovery fails.

This clarification ensures complete transparency on fraud resolution progress.

Shares of RBZ Jewellers Limited was last trading in BSE at Rs. 124.45 as compared to the previous close of Rs. 124.85. The total number of shares traded during the day was 1143 in over 39 trades.

The stock hit an intraday high of Rs. 125.60 and intraday low of 124.05. The net turnover during the day was Rs. 142605.00.