Dharani Sugars SEBI Settlement Application Rejected

Dharani Sugars received SEBI letter dated April 20, 2026 rejecting its settlement application for alleged ICDR regulation violations.
SEBI rejected the application due to company's failure to submit Revised Settlement Terms within the mandated 15-day period after Internal Committee meeting.
Company submitted a reconsideration request to SEBI citing delay was due to required Board approvals and internal compliance processes.
Company seeks condonation of delay, extension to submit terms, and revival of its settlement application to resolve the matter.