Announced Thu, 2 Jul · 04:12 IST
SEBI final order against promoters with 4-year market ban and penalty
SEIL · 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
+7.7%1-day move
₹217.40
prior close
₹214.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.5-1.3-1.3-1.5+7.7+8.1+5.8+1.9+2.1-1.8-3.4———
Up moveDown movePending
AI summary
SEBI passed a final order on 30 June 2026 against 226 entities including promoters Vedprakash Chiripal and Savitridevi Chiripal. Each promoter faces a Rs 5 lakh penalty and a 4-year ban from the securities market, including buying, selling, or dealing in securities. Promoters received the order on 1 July 2026. The company says the order should not materially impact operations or finances. Promoters intend to appeal to SAT and Supreme Court.
Likely market impact
Promoters banned from securities market for 4 years with penalties, but company says no material financial impact. Promoters to appeal.