Tax & Penalty1 Jul 2026, 07:20 pm
SEBI Fines True Green Bio Energy Promoters ₹5 Lakhs Each
AI Summary
True Green Bio Energy Ltd has disclosed that its promoters, Mrs. Savitridevi V Chiripal and Mr. Vedprakash Devkinandan Chiripal, have received a final order from the Securities and Exchange Board of India (SEBI). The order, dated June 30, 2026, imposes a monetary penalty of ₹5,00,000 each on the promoters and prohibits them from accessing the securities market for a period of 4 years. The company believes this order will not have a material financial or operational impact. The promoters reserve the right to appeal the SEBI order.
Key Highlights
- Promoters penalized ₹5 Lakhs each by SEBI.
- Promoters barred from securities market for 4 years.
- Company assesses no material financial impact.
- Promoters may appeal SEBI's final order.
Price Impact
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