SEBI Final Order Against Promoters; Penalty and 4-Year Market Ban
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SEBI passed a Final Order on 30.06.2026 against 226 entities including promoter group members Vedprakash Chiripal and Savitridevi Chiripal. Each promoter faces a Rs. 5 lakh penalty and a 4-year restraint from accessing the securities market and from buying, selling or dealing in securities under SEBI Act sections 11(1), 11(4), 11(4A), 11B(1) and 11B(2). The company states no material financial or operational impact. Promoters reserve the right to appeal to SAT and Supreme Court.
Negative sentiment likely. Penalty is small but 4-year market ban on two promoters is significant. Company claims no material impact. Appeal pending.