Shares of Sky Gold and Diamonds declined 3% to Rs 603 on the BSE on Friday after the company disclosed that its subsidiary, Starmangalsutra Private Limited (SPL), suffered a financial loss of approximately Rs 10.70 crore due to a fraud involving the unauthorized compromise of a company-issued mobile phone and laptop used by an employee.
The company said the fraud was carried out using advanced deepfake techniques, including profile cloning and coercion, which led to unauthorised fund transfers.
