Key Quantitative Figures
The disclosure references a SEBI Order (Order No. WTM/AS/IVD2/ID16/32460/2026-27) dated 30th June 2026 that imposed a monetary penalty. The exact penalty amount is not quantified in the disclosure.
Dates of Action
- SAT Order Date: 11th September 2026 (Appeal No. 294 of 2026)
- SEBI Order Date: 30th June 2026
- Disclosure Submission to BSE: 8th October 2026 at 12:36:07 PM
- Company Letter Date: 9th October 2026
- Penalty Deposit Deadline: Within four weeks from 11th September 2026
Parties Involved
- Regulatory Authority: The Securities Appellate Tribunal, Mumbai
- Investigating Authority: SEBI (Securities and Exchange Board of India)
- Listed Entity: Purple Agrotech Industries Limited (BSE Scrip Code: 540159, ISIN: INE905R01016)
- Company Representative: Naishadh Dineshbhai Modi, Chairman Cum Managing Director & CFO (DIN: 06538916)
Nature of SAT Order
The Securities Appellate Tribunal granted a stay on SEBI's impugned order dated 30th June 2026, subject to the condition that the company deposit the full penalty amount within four weeks from 11th September 2026. The company has confirmed that it has deposited the penalty as required.
Financial Impact Assessment
The company states it is reviewing the matter and that as of the disclosure date, there is no financial or operational impact apart from the monetary penalty imposed. The exact amount of the penalty is not quantified in the disclosure.
Reason for Delayed Disclosure
The delay in filing the material event disclosure with BSE Limited was attributed to inadvertent delay in internal communication and coordination. The company stated there was no mala fide intention and any non-compliance was neither deliberate nor intentional.