Tax & Penalty2 Jul 2026, 06:40 pm
Goenka Business & Finance Fined ₹1 Cr, Banned from Securities Market
AI Summary
Goenka Business & Finance Limited has received a final order from the Securities and Exchange Board of India (SEBI) imposing a monetary penalty of ₹1,00,00,000. Additionally, the company is restrained from accessing the securities market and prohibited from dealing in securities for a period of five years. This action stems from violations under Sections 11(1), 11(4), 11(4A), 11B (1), and 11B (2) of the SEBI Act, 1992. The company acknowledges the order was received on July 1, 2026, and believes it will impact its financial strength. Goenka Business & Finance reserves the right to appeal the order.
Key Highlights
- SEBI imposes ₹1 Cr penalty on Goenka Business & Finance.
- Company banned from securities market for five years.
- Order received on July 1, 2026, dated June 30, 2026.
- Financial strength expected to be impacted.
- Company reserves right to appeal SEBI's final order.
Price Impact
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