Key Details

  • The appeal was filed on 08.09.2026 before the Securities Appellate Tribunal (SAT)
  • The appeal is against remarks received from BSE Limited on the company's 'in-principle application' for a proposed preferential allotment
  • The BSE communication required the company to pay alleged outstanding SOP (Standard Operating Procedure) fines

Financial Impact

  • Total alleged fines: ₹1,62,90,000/- (Rupees One Crore Sixty-Two Lakh Ninety Thousand only) plus applicable GST
  • Specific amount being appealed: ₹1,61,70,000/- (Rupees One Crore Sixty-One Lakh Seventy Thousand only) plus applicable GST
  • The appeal contests only one portion of the total alleged fines

Company Action

  • The company has initiated the process of filing the appeal
  • Appropriate steps are being taken to pursue the matter before SAT
  • Further disclosures will be made as required under applicable laws and regulations