EKI Energy to Appeal SEBI Order; Regulator Recorded No Investor Loss

EKI Energy Services Ltd announced its intention to appeal a Securities and Exchange Board of India (SEBI) order dated October 30, 2026, before the Securities Appellate Tribunal. The company stated that the order acknowledges no quantifiable investor loss or gain from the alleged defaults. SEBI's final order reduced the overstated expense finding to ₹26.34 crore from the ₹48 crore mentioned in the show cause notice. The company also clarified that revenue recognition on carbon credit project contracts was a difference in professional judgment, and revised figures were disclosed in audited financial statements. Business operations remain unaffected, and promoter holding was steady at approximately 73.4-73.5%. The company plans to present evidence regarding the expense finding and contest the direction to the Managing Director to recover the amount.