Prakash Steelage Limited has informed the Exchange about General Updates
PRAKASHSTL · price
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Prakash Steelage Limited has received a Show Cause Notice from SEBI dated April 21, 2026, issued by the Chief General Manager & Adjudicating Officer. The notice alleges violations of multiple SEBI regulations including Regulations 4(1), 4(2)(e)(i), 23(9), 33(1), 34(3), and Clause B(2) of Schedule V & 48 of LODR Regulations. This is a continuation of an ongoing SEBI investigation, the first intimation of which was given to the exchanges on March 28, 2024. The company states it is preparing its response and will submit within the permitted timelines.
SEBI has initiated a formal adjudication process against the company for alleged regulatory non-compliance. This could result in monetary penalties or other regulatory actions, and may create negative sentiment around the stock in the near term.