Bhageria Industries Limited has informed the Exchange about General Updates
BHAGERIA · price
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Bhageria Industries has provided an update on a legal matter before the Securities Appellate Tribunal (SAT). The company's Promoter(s), Promoter Group(s), and Director(s) had filed an application challenging an adjudication order passed by SEBI on March 31, 2023. The SAT had previously adjourned the matter and has now further adjourned it, scheduling the next hearing for July 28–30, 2026 for final disposal. Crucially, the SEBI adjudication order dated March 31, 2023 remains stayed (i.e., not in effect) until the SAT delivers its final decision.
The stay on the SEBI order means the penalty/adverse consequences, if any, from that order are not currently enforceable against the promoters and directors. The matter is still sub judice, and investors should monitor the July 2026 hearing for a final outcome.