Announced Wed, 1 Jul · 19:12 IST
SEBI orders 4-yr market ban and Rs 5 lakh penalty each on two promoters
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-3.2%1-day move
₹188.60
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AI summary
True Green Bio Energy's promoters Savitridevi V Chiripal and Vedprakash Devkinandan Chiripal received a SEBI final order dated June 30, 2026. The order, part of action against 226 entities, imposes a Rs 5 lakh penalty each and bans them from accessing the securities market for 4 years. The company says it sees no material financial or operational impact and the promoters plan to appeal at SAT and the Supreme Court.
Likely market impact
Company claims no material impact on operations or finances. Promoters face 4-year market ban and plan to appeal, which could create a governance overhang.