Announced Tue, 28 Jul · 18:17 IST
SEBI order clears 4 directors, no penalty imposed
AKASH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹26.51
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.1+0.5-0.9-0.5-0.4-1.1-5.6-6.3——
Up moveDown movePending
AI summary
SEBI's Adjudicating Officer has passed an order clearing 4 directors (Yoginbhai Patel, Ambusinh Gol, Premalsinh Gol, Dineshbhai Patel) of Akash Infra-Projects. Earlier Show Cause Notice had alleged violations of SEBI Act Section 12A and PFUTP Regulations. The order found allegations unsustainable due to lack of evidence and imposed no penalty. No financial impact on the company.
Likely market impact
Positive outcome as directors cleared of SEBI allegations with no penalty, removing an overhang on the stock.