SEBI issues interim order against Elitecon International and its promoters for alleged market manipulation and fraudulent disclosures.
The order cites non-disclosure of GST show-cause notices worth ₹408 crore and misleading financials, leading to unlawful gains of ₹49.84 crore.
SEBI directs impounding of unlawful gains, appoints forensic audit, and restrains all noticees from the securities market.