Goenka Business SAT Stay Unfreezes Demat Accounts

Regulatory Background

The company had filed an appeal before the Securities Appellate Tribunal challenging the final order passed by SEBI on June 30, 2026. The SEBI order was issued under sections 11(1), 11(4), 11(4A), 11B(1), and 11B(2) of the Securities and Exchange Board of India Act, 1992.

Current Development

Pursuant to the appeal, the company has obtained a stay order from the Securities Appellate Tribunal. This stay order has resulted in the unfreezing of the company's demat accounts, reversing the previous restriction imposed by SEBI.

Notification Details

The disclosure is addressed to BSE Limited (Scrip Code: 538787), Metropolitan Stock Exchange of India Limited (MCX Script Code: GBFL), and The Calcutta Stock Exchange (CSE Script Code: 17407). The communication is dated November 4, 2026, and is signed by the Whole Time Director (DIN: 08221979) of Goenka Business & Finance Ltd.