Nalwa Sons Investments Limited — Important, 16-12-2024: Updates

Nalwa Sons Investments Limited has reported the discovery of false claims made by Mr. Vibhor Birla and Ms. Shaila Mehta, who falsely presented themselves as the Chief Investment Officer and Customer Service Representative, respectively. They allegedly formed several WhatsApp groups, charging a monthly fee of ₹2,000 for membership under the guise of offering advisory services. The Company clarifies that it does not provide any advisory services or solicit membership schemes and has not appointed anyone for such roles. Legal actions are forthcoming against these individuals, and the Company warns the public against engaging with them or any fraudulent schemes marketed in its name. Until resolved, this situation poses reputational risks that stakeholders should monitor closely.