Seya Industries Limited has informed the Exchange about General Updates (Order passed by the Hon ble Securities Appellate Tribunal)
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Seya Industries Limited has informed the stock exchanges about an interim order passed by the Securities Appellate Tribunal (SAT) on 20 August 2025. Four individuals associated with the company had filed an appeal before SAT against a SEBI order dated 02 May 2025. SAT has directed SEBI not to take any precipitating action in the matter until the next date of hearing, which is scheduled for 08 September 2025. The disclosure is being made by the Interim Resolution Professional (IRP), indicating that the company is currently under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. This filing is made pursuant to an earlier disclosure dated 07 May 2025 and Regulation 30 of the SEBI LODR Regulations.
The SAT interim order provides temporary breathing room against the SEBI action, but the underlying SEBI matter and the company's CIRP proceedings remain unresolved. Shareholders should watch the next SAT hearing on 8 September 2025 and track the parallel insolvency process for further clarity on the company's future.