Announced Thu, 5 Nov, 2026 · 20:35 IST
SEBI imposes Rs 10 lakh penalty for merchant banking failures
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
SEBI imposed a Rs 10 lakh monetary penalty on Swastika Investmart after finding failures in SME IPO assignments, takeover offers, record keeping and disclosures during an inspection covering April 2023 to March 2025. The order was dated 4 November 2026. The company plans to seek a settlement and reports no other material impact.
Likely market impact
The Rs 10 lakh penalty is a limited one-time cost and may hurt sentiment, but the company reports no material effect on finances or operations.