Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
AKASH · price
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Awaiting price reaction for this filing.
Akash Infra Projects Limited has informed the stock exchange that four of its directors — Mr. Yoginbhai Patel, Mr. Ambusinh Gol, Mr. Premalsinh Gol, and Mr. Dineshbhai Patel — received a Show-Cause Notice from SEBI dated April 29, 2025 (delivered by email on April 30, 2025). The notice was issued under Rule 4(1) of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995. The company clarified that no notice has been issued to Akash Infra Projects itself, only to its directors in their personal capacity. The company has stated the financial or operational impact is not applicable at this stage, and details of the alleged violation have not been disclosed.
This is an early-stage regulatory action against directors personally, not the company, so near-term business impact may be limited. However, it introduces regulatory uncertainty and could affect investor sentiment, governance perception, and the stock price if penalties or further actions follow.