Disclosure under Reg. 30 wrt Disposal of the Writ Petition
Awaiting price reaction for this filing.
MPS Infotecnics Ltd (formerly Visesh Infotecnics) had filed a writ petition in the Delhi High Court against SEBI, CDSL, NSDL, NSE and BSE seeking directions to revise custodial/dematerialization charges for financially distressed companies, quash certain SEBI circulars, and withdraw notices issued by NSE and BSE. The matter was heard on December 9, 2025 before Justice Sachin Datta. The court did not grant the specific writ reliefs (mandamus or certiorari) sought by the company. Instead, it disposed of the petition directing the respondents to treat the writ petition as a representation and take an appropriate decision on it, with intimation to the company. The court order was received on December 15, 2025.
The company did not secure the immediate court-ordered relief it was seeking, but its grievance will still be considered by SEBI as a formal representation. Shareholders should view this as a procedural outcome — neither a clear legal win nor a definitive loss — and watch for SEBI's response to the representation.