Pursuant to applicable Regulations of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 including Regulation 30, this is to inform ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MFL India Ltd's Board of Directors held a meeting on April 28, 2026 and approved the appointment of R V Legal, Advocates, to represent the company before the Securities Appellate Tribunal (SAT), Mumbai against any orders or directions passed by SEBI or other regulatory authorities. The board also took note of general business matters including operational performance, financial position, ongoing projects, and compliance status. The meeting lasted one hour, from 3:00 PM to 4:00 PM. The appointment of advocates suggests the company is engaged in a regulatory dispute before SAT.
The company is preparing to contest SEBI or regulatory orders before SAT, which indicates an ongoing legal/regulatory dispute. This could involve financial penalties or operational restrictions, creating uncertainty for shareholders depending on the outcome.