SEBI case against ex-CFOs and Company Secretary disposed without penalty

Insider Trading ChargeRegulatory & Legal View source PDF Explain this filing

MAWANASUG · price

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Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹83.69

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-0.8% vs market

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Mawana Sugars informed exchanges that SEBI's Adjudication Officer disposed of Show Cause Notices dated September 2023 against two former CFOs and the current Company Secretary. The order dated December 17, 2025 found the alleged insider trading and fair disclosure violations were not established. No monetary penalty has been imposed on any noticee.

Likely market impact

Positive - SEBI cleared executives of insider trading allegations with no penalty imposed, removing regulatory overhang.