India, Dec. 22 -- Kajaria Ceramics Ltd. has fired the chief financial officer of Kajaria Bathware Pvt. Ltd. over a fraud at a unit of the wholly owned subsidiary.

What's happening: Kajaria Bathware CFO Dilip Kumar Maliwal embezzled Rs.20 crore from subsidiary Kerovit Global Pvt. Ltd, according to an exchange filing on 19 December.

Why it matters: The Rs.20-crore fraud will have a material impact on the financials of the Kajaria Ceramics, which is India's largest manufacturer of ceramic and vitrified tiles. In Q2 FY26,

Published by HT Digital Content Services with permission from Hindustan Times....