Govt orders probe against firm whose stock fell 93% this year
The Ministry of Corporate Affairs has ordered an inspection of Vakrangee's books for three financial years. The process will include scrutiny of auditor resignation, tax filings, number of Vakrangee Kendras across India and the company's shareholding structure. Vakrangee, whose shares have fallen 93% this year, said it welcomes the decision as it would help clear all doubts and rumours.n