Please find attached disclosure.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Riddhi Siddhi Gluco Biols Ltd and its promoter directors had appealed to the Supreme Court against a Securities Appellate Tribunal (SAT) order dated 9 March 2026, which itself related to earlier SEBI actions by the Adjudicating Officer and Whole Time Member. On 19 March 2026, the Supreme Court upheld the SAT order, meaning the company has lost its appeal. The original matter involved alleged violations of the Minimum Public Shareholding (MPS) requirement and allegations around the delisting of the company. A penalty of Rs. 5 lakh each had earlier been imposed on the company and two promoter directors by SEBI's Adjudicating Officer (order dated 2 July 2021), and this amount was already deposited with SEBI. The company has stated it will now take steps to comply with the SAT directions. Detailed order from the Supreme Court is still awaited.
Negative for shareholders — the company has exhausted its appeal and must comply with SEBI/SAT directions on the MPS and delisting-related violations. While the financial penalty is small and already paid, any further compliance steps (such as restoring minimum public shareholding) could have a longer-term effect on shareholding structure and stock liquidity.