Legal22 Oct 2026, 11:13 am
Bhageria Industries: SAT Adjourns SEBI Order Challenge to Jan 5, 2027
AI Summary
Bhageria Industries Ltd has provided an update regarding the Securities Appellate Tribunal (SAT) proceedings concerning an adjudication order dated March 31, 2023, passed by SEBI against its Promoter(s)/Promoter Group(s) and Director(s). The SAT has adjourned the matter, with the next hearing scheduled for January 5th, 2027, for final disposal. The SEBI order dated March 31, 2023, remains stayed until then. The company has also enclosed requisite details as per SEBI Circular No. SEBI/HO/CFD/CFD–PoD–1/P/CIR/2023/123 dated July 13, 2023.
Key Highlights
- SAT adjourned SEBI order challenge to January 5, 2027.
- SEBI's March 31, 2023 order remains stayed.
- Matter involves promoter group and directors challenging SEBI's adjudication.
- Proceedings are complex, involving multiple parties and counsels.
Price Impact
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