Background and Context
This disclosure references the company's earlier disclosure dated 7th May 2026 regarding a Civil Appeal filed by SEBI before the Supreme Court. The appeal challenges the order passed by the Securities Appellate Tribunal (SAT) which had set aside SEBI's earlier order against the company.
Current Legal Status
SEBI's Civil Appeals were listed before the Supreme Court on 13th July 2026. After hearing the parties, the Supreme Court issued notice in the matter as per its order uploaded on its website on 15th July 2026. The court directed the company and other parties to file their replies.
Key Court Decision
The Supreme Court specifically did not grant any stay against the operation of the order passed by the Securities Appellate Tribunal, meaning SAT's order setting aside SEBI's original order remains in effect during the appeal process.
Future Proceedings and Commitments
The matter will be listed in due course before the Supreme Court. The company has committed to continue keeping the stock exchanges informed of any further material developments in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Impact
Financial impact not quantified in the disclosure. The disclosure pertains to ongoing legal proceedings without specific monetary implications stated.