SEBI Final Order received in Mauria Udyog matter; examining implications
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Econo Trade (India) has received SEBI's Final Order dated June 30, 2026 in the matter of Mauria Udyog Ltd and four other scrips namely Vishal Fabrics, 7NR Retail, Darjeeling Ropeway and GBL Industries. The order names 226 entities in an alleged price and volume manipulation scheme orchestrated by Hanif Shekh, with unlawful gains of about 143.79 crore. Econo Trade is named as Noticee 5, described as a company in which Hanif Shekh's parents are major shareholders. Company is examining the order with legal advisors.
Negative near-term. Potential monetary penalties or disgorgement directions may follow once the company finishes its legal review and makes further disclosures.