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 informed the stock exchange that the Securities Appellate Tribunal (SAT) has granted a stay on a SEBI adjudication order originally passed on September 29, 2025. The stay is conditional — the company must deposit 50% of the penalty amount, i.e., Rs. 5 lakhs, within six weeks into an interest-bearing account with SEBI. SEBI has been given eight weeks to file its reply, and the next hearing is scheduled for February 6, 2026. The company believes this order will have no material impact on its financials, operations, or activities. The total penalty amount is implied to be Rs. 10 lakhs, based on the 50% deposit figure of Rs. 5 lakhs.
Positive near-term relief for shareholders as the SEBI penalty is temporarily suspended, but the matter remains open with a hearing in February 2026. The Rs. 5 lakh deposit is small and unlikely to affect the company's operations or stock price materially.