Disclsoure under Regulation 30 of SEBI (LODR), Regulations, 2015.
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Awaiting price reaction for this filing.
Decipher Labs Ltd and its two directors (Mr. Janakiram Ajjarapu and Mr. Sushant Mohan Lal) appealed a SEBI order dated 31st July 2025 at the Securities Appellate Tribunal (SAT). The SAT heard the appeal on 16th September 2025 and partly ruled in favour of the appellants. No coercive recovery of disgorgement and penalty will happen against the two directors provided they deposit 50% of the amount within four weeks. They have also been allowed to sell shares from their demat accounts to comply with the order. Importantly, SAT granted a stay on the one-year restriction that barred Decipher Labs from buying, selling, or dealing in any securities. The original SEBI order involved alleged violations of the SEBI Act, PFUTP Regulations, PIT Regulations, and LODR Regulations. The company states there is no material financial or operational impact from the SAT order.
This is a partial relief for shareholders — the one-year trading ban on Decipher Labs has been stayed, reducing near-term liquidity concerns. However, the underlying SEBI allegations remain and directors still owe a 50% deposit of the penalty and disgorgement amount, keeping regulatory overhang on the stock.