According to police, the photos of the exam paper of Book Keeping and Accountancy subject were found stored in the mobile phones of these students.
"These students were checked when they arrived at two different exam centres-- Naravane School and Balbharti Junior College-- both located in Kandivali. The photographs of today's question paper was found stored in their mobile phones," police said.
Two cases have been registered against the students.
The officer said that none of the students have been arrested as the exam is underway.
"We will carry out an investigation. But since they are students and their exam is underway this is not the right time to arrest them or take any harsh action," he said.
Police have seized three mobile phones from the students.
The examinations of Class 12 (HSC), conducted by Maharashtra State Board of Secondary and Higher Secondary Education have started from February 28.
Prior to Mathematics and Statistics, the question papers of Marathi, Secretarial Practise (SP) and Physics were also leaked on the instant messaging platform.
The question paper of Marathi language was circulated on a social media platform just ahead of the exam on March 2. The Secretarial Practise paper too began to circulate on social media minutes before the exam on March 4.
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