Announced Thu, 9 Jul · 17:37 IST
SAT allows promoters' appeal, sets aside SEBI order
NECCLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹15.99
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-0.9-3.1-3.4-4.6-2.1-4.0————
Up moveDown movePending
AI summary
SAT allowed Appeals 397 and 398 of 2023 filed by promoters Mrs. Vanya Jain and Mr. Utkarsh Jain. The July 8, 2026 order sets aside the SEBI Adjudicating Officer's order dated February 21, 2023 against them. No costs ordered. Company confirms no adverse financial or operational impact as the penalty stands quashed.
Likely market impact
Positive outcome as SEBI penalty on promoters is quashed. No financial or operational impact on the company.