OL/SE/937/Sep 2026-27 September 1, 2026

Key Event: SAT Order Pronouncement

The company confirms that the matter of Omaxe Ltd. & Others Vs Securities and Exchange Board of India was reserved for order by the Hon'ble Securities Appellate Tribunal (SAT) on July 7, 2026. The order has been pronounced by the SAT today, September 1, 2026. However, the detailed written order is yet to be uploaded and has not been received by the company.

Chronology of Legal Proceedings

  • July 30, 2024: SEBI passed an order (reference no. QJA/GR/CFID/CFID/30598/2024-25) against the Company, its Chairman, and others. The order was in the matter of alleged misstatements/irregularities in the financial statements of the Company and was subject to the deposit of the penalty amount by the appellants.
  • Post-July 30, 2024: The Company filed an appeal before the Hon'ble Securities Appellate Tribunal (SAT) against the SEBI Order.
  • October 1, 2024: The Hon'ble SAT granted a stay on the directions at paragraphs No. 41 (1) and (2) of the impugned SEBI Order. This stay was subject to the deposit of the penalty amount by the appellants. The Company deposited the penalty amount, doing so without prejudice to its rights.
  • September 1, 2026: The Hon'ble SAT pronounced its order on the appeal.

Response to Specific Queries

  • On negotiations or undisclosed information: The company states it is not aware of any information that has not been announced to the Exchanges which could explain the recent trading movement. The SAT order is yet to be received, and upon receipt, the Company shall evaluate it and make necessary disclosures under the SEBI (LODR) Regulations, 2015, if required.
  • On the outcome of proceedings: The company states it is presently not possible to comment on or assess the outcome of the SAT order as it has not been uploaded/received.

Financial Impact

The financial impact of the pronounced SAT order cannot be assessed until the detailed order is received and evaluated by the company. The company had previously deposited a penalty amount as directed by the SAT's interim order dated October 1, 2024.

Compliance Statement

The letter is signed by D B R Srikanta, Company Secretary & Compliance Officer, confirming the company's commitment to disclose the order details to the stock exchanges without delay upon receipt and evaluation, per SEBI LODR regulations.