Amber Enterprises India Limited has informed that in furtherance to our earlier intimation dated 05th March 2025 and pursuant to Regulation 30(13) of SEBI (LODR) Regulations, the Company received a Stay Order from the Hon'ble High Court of Gujarat at Ahmedabad in connection with the Show Cause Notice received by the Company.
AMBER · price
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Amber Enterprises India Limited has received a Stay Order from the Gujarat High Court at Ahmedabad in connection with a Show Cause Notice previously received by the company. This is a follow-up to an earlier intimation dated 5th March 2025 and is being disclosed under Regulation 30(13) of SEBI's Listing Obligations and Disclosure Requirements (LODR). A Stay Order means the court has temporarily halted any action or proceedings arising from the Show Cause Notice. The underlying matter and the original source of the Show Cause Notice are not specified in this filing.
This is a favorable development for the company and its shareholders, as the court stay temporarily pauses any adverse consequences from the Show Cause Notice. However, the underlying issue remains unresolved and could resurface depending on the final court ruling.