SAT pronounces order in Omaxe financial irregularities case
OMAXE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 3.8 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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In July 2024, SEBI penalized Omaxe and its Chairman for alleged misstatements in financial statements. Omaxe appealed to SAT, which granted a partial stay in October 2024 subject to penalty deposit, which the company paid. On September 1, 2026, SAT pronounced its order, reportedly dismissing the appeal, though the written order is yet to be received.
Negative tone as SAT reportedly upheld SEBI penalty on financial irregularities. Awaited clarity once the written order is received.