Regulatory2 Nov 2026, 04:13 pm
SEBI Fines EKI Energy ₹88 Lakh for Market Norm Violations
AI Summary
EKI Energy Services Ltd has received an order from SEBI imposing a total penalty of ₹88 Lakh on the company and other individuals for alleged violations of securities market regulations. The company has been restrained from accessing the securities market for two months and fined ₹12 Lakh. Several individuals, including directors, also face market access restrictions and penalties totaling ₹70 Lakh. EKI Energy disagrees with the findings, citing a lack of adverse findings from the Ministry of Corporate Affairs on similar allegations, and plans to challenge the order legally. The company states the order will not materially impact its financial or operational activities.
Key Highlights
- SEBI imposes ₹88 Lakh penalty on EKI Energy and individuals.
- Company faces a 2-month securities market ban and ₹12 Lakh fine.
- Directors also penalized and banned from securities market.
- EKI Energy disputes allegations and plans legal challenge.
- No material impact expected on company's operations.
Price Impact
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