Starlog Enterprises Limited informs the exchange regarding intimation under Regulation 30 SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.
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Starlog Enterprises has received an adjudication order from SEBI dated September 29, 2025, imposing a total monetary penalty of Rs. 10 lakhs for alleged lapses/omissions under the SEBI Act, 1992 and the Depositories Act, 1996. Of this, Rs. 9 lakhs is to be paid jointly and severally by the company and Mr. Saket Agarwal, while Rs. 1 lakh is to be paid solely by the company. The company received the order on September 30, 2025 and states it is reviewing the order and plans to file an appeal, believing it has a strong case on merits. The company has disclosed that the penalty is below its materiality threshold but is making the disclosure for transparency. Management asserts there will be no impact on the company's financial or operational activities.
The penalty amount of Rs. 10 lakhs is small relative to typical corporate operations and is below the company's own materiality threshold, so the direct financial hit is minor. However, the SEBI action and the company's plan to appeal introduce some near-term uncertainty and negative headline risk for shareholders.