Nature of Action

The SEBI passed a final order dated June 30, 2026 against 226 entities including the company's promoters. The order:

  • Imposes a monetary penalty of ₹5,00,000 (Five Lakh Rupees) on each promoter
  • Restrains both promoters from accessing the securities market
  • Prohibits them from buying, selling or otherwise dealing in securities, directly or indirectly
  • Bans them from being associated with the securities market in any manner
  • The restrictions apply for a period of 4 years from the date of the final order

Timeline

The final order dated June 30, 2026 was received by the promoters on July 01, 2026.

Violations

The violations/contraventions are as recorded in the SEBI Final Order dated June 30, 2026. The disclosure does not provide specific details of the alleged violations.

Financial and Operational Impact

Based on the company's assessment, prevailing law, and advice of counsel, the order is not expected to have any material financial or operational impact on the company.

Legal Recourse

The promoters reserve the right to appeal to the Securities Appellate Tribunal (SAT) under Section 15T and to the Supreme Court of India under Section 15Z of the SEBI Act, 1992 against the SEBI Order.

Additional Information

No other relevant information was provided in the disclosure.