Goenka Business & Finance Limited has made a regulatory disclosure to the Metropolitan Stock Exchange of India Limited, BSE Limited, and The Calcutta Stock Exchange Limited pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of SEBI Order

  • Authority: Securities and Exchange Board of India
  • Order Date: June 30, 2026
  • Scope: The order was passed against 226 entities, including Goenka Business and Finance Limited
  • Penalty: SEBI imposed a monetary penalty of ₹1,00,00,000 (One Crore Rupees) on the company
  • Restrictions: The company has been restrained from accessing the securities market and prohibited from buying, selling, or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner
  • Duration: The restrictions apply for a period of five years from the date of the final order (June 30, 2026)

Receipt of Order

The final order dated June 30, 2026 was received by the promoter group on July 1, 2026.

Violations Details

The specific violations/contraventions committed or alleged to be committed are as recorded in the SEBI Final Order dated June 30, 2026. The disclosure does not provide specific details of the violations beyond referencing the order.

Financial and Operational Impact

Based on the Company's assessment, applicable law, and advice of legal counsel, the Company believes that the SEBI Order will impact the financial strength of the Company in monetary terms to the extent possible. The disclosure does not provide specific quantification of the financial impact beyond the stated penalty amount of ₹1 crore.

Legal Recourse

The Company reserves the right to prefer an appeal before the Securities Appellate Tribunal under Sections 15T and 15Z of the Securities and Exchange Board of India Act, 1992, and thereafter before the Supreme Court of India, as may be applicable, against the SEBI Order.

Additional Information

No other relevant information was provided in the disclosure (marked as NIL).