Latteys Industries reports Rs 80 lakh transferred in suspected cyber fraud
Latteys Industries said in an NSE filing that it identified a suspected cyber fraud in which Rs 80 lakh was transferred from its bank account on 26 October 2026 on instructions impersonating its managing director.
Key points
- Latteys Industries told the National Stock Exchange that it identified a suspected cyber fraud involving impersonation of its managing director.
- The company said Rs 80 lakh was transferred from its bank account on 26 October 2026 on the fraudulent instructions; the amount recovered so far is nil.
- The company said it has reported the matter to the cyber crime police and its bank, and has asked for a recall of the funds.
Latteys Industries Limited said in a filing with the National Stock Exchange that it has identified a suspected cyber fraud in which Rs 80 lakh was transferred out of its bank account on 26 October 2026. The company said the transfer followed instructions from an unauthorised person who was impersonating its managing director. It said the amount recovered so far is nil.
What Happened
In a Regulation 30 disclosure dated 28 October 2026, the company described the incident as a "Boss Scam", a type of cyber fraud in which someone poses as a senior executive. According to the company, instructions that appeared to come from its managing director were sent to its company secretary, and on those instructions a transfer of Rs 80,00,000 was made to an unauthorised beneficiary.
The company said the incident came to its knowledge on 26 October 2026, the same day as the transfer. It said the actual financial impact is still being assessed and that the amount recovered as of the date of the disclosure is nil.
The company said it took these steps after it became aware of the incident: it notified the cyber crime branch and its bank, asked for measures to recall the transferred funds, preserved electronic records and communications, and began an internal review. It said the matter has been reported to the concerned cyber crime police station, and gave a complaint acknowledgement dated 26 October 2026.
The company said the incident has not caused any material disruption to its day-to-day operations, that it is taking measures to prevent a recurrence, and that it is cooperating with the authorities investigating. It said it will make further disclosures if there are material developments. These are the company's statements; the filing does not say who is behind the instructions.
What It Means
The filing shows how a message that looks like an instruction from a senior executive can lead to a large payment before anyone checks it. The company said it is still assessing the loss.
Anyone who falls victim to cyber fraud can report it at https://cybercrime.gov.in or on the helpline 1930, and should inform their bank at once, because quick reporting improves the chance of stopping or recalling a transfer. Oquilia reports only what the company has filed and does not recommend any action on the shares.
Source: Company filing on NSE
This report describes enforcement actions and allegations on the public record, attributed to the officials cited. An order, FIR or chargesheet is not a conviction; parties are presumed innocent until proven guilty.
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Sources & Citations
- Company filing on NSE — National Stock Exchange of India