Mauria Udyog Limited has submitted a disclosure pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations, 2015 regarding a final order passed by the Securities and Exchange Board of India (SEBI).
SEBI Order Details
SEBI has restrained the Company and its Director(s)/Promoter(s) Mr. Navneet Kumar Sureka and Mrs. Deepa Sureka from accessing the securities market. The order prohibits them from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner for a period of 05 years. This restraint is subject to adjustment of the restraint period already undergone pursuant to the Interim Order dated June 19, 2023.
Alleged Violations
The order addresses alleged lapses of the provisions of the SEBI Act, 1992 and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003. The violations relate to manipulation of the price and volume of the Company's equity shares.
Financial Impact Assessment
The Company states that there is no material impact on the financials, operations or other activities of the Company quantifiable in monetary terms.
Date of Receipt
The Company received the final order on July 14, 2026.
Reason for Delay in Disclosure
The delay in filing (from July 14 to July 17, 2026) is attributed to the voluminous nature of the SEBI order, which exceeded 300 pages. The Company required additional time to perform thorough legal assimilation of the order's contents and conduct detailed deliberations with legal counsel to fully evaluate the implications and determine the appropriate future course of action. The disclosure was filed immediately upon reaching this conclusion.