Director's Dilemma: Conflict of Interest

Suppose XYZ Limited, a listed company, appoints Rohan as a non-executive independent director. Shortly after, Rohan's close friend and business partner, Rakesh, is awarded a lucrative contract by XYZ Limited to supply raw materials worth millions. Rohan doesn't disclose this conflict of interest to the board or shareholders. Meanwhile, Rohan is aware that this deal may favor Rakesh's company over other suppliers. However, Rohan is under pressure from his friend to support the deal. Now, the company's auditor discovers this cozy arrangement and wants to take action. What legal remedy can be invoked against Rohan for his alleged breach of fiduciary duties in this scenario?