SEBI warning letter over delayed disclosure of NCLAT order
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Austere Systems received a SEBI Warning-cum-Advisory Letter dated October 1, 2026 for not separately disclosing an NCLAT order dated September 23, 2025 to BSE under Regulation 30 of LODR. The NCLAT had dismissed the company's appeal against a CCI order dated April 4, 2022 that imposed a penalty of about Rs 44.26 lakh. SEBI has not imposed any monetary penalty but warned the company to improve compliance, with risk of enforcement action if it repeats.
No SEBI monetary penalty, but the underlying CCI penalty of about Rs 44.26 lakh stands. Risk of stricter SEBI action if compliance lapses again.