Bhageria Industries Limited has submitted a regulatory disclosure to the National Stock Exchange of India Limited and BSE Limited regarding the status of ongoing proceedings before the Securities Appellate Tribunal (SAT).
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and specifically references SEBI Circular No. SEBI/HO/CFD/CFD–PoD–1/P/CIR/2023/123 dated July 13, 2023.
The matter involves an application filed by Promoter(s)/Promoter Group(s) and Director(s) challenging the adjudication order dated March 31, 2023 passed by SEBI. The company had previously provided an update on May 16, 2026, indicating that SAT had adjourned the matter till July 28 to July 30, 2026 for final disposal.
In the current update, the company states that the matter was listed on July 28, 2026, but SAT has adjourned it again. As this is a group matter involving multiple applicants, law firms, and counsels, the next hearing dates were fixed in consultation with all concerned parties and the Registry. The order copy was uploaded on July 30, 2026, confirming that the matter will now be listed on October 21, 2026 for final disposal.
Until the final disposal, the SEBI order dated March 31, 2023 remains stayed. The disclosure clarifies that there is no settlement of proceedings at this stage and no terms of settlement, compensation/penalty paid, or impact on the financial position of the listed entity to report.