Legal8 Sept 2026, 11:10 pm
GSB Finance Appeals ₹1.61 Cr Fine to SAT
AI Summary
GSB Finance Ltd has initiated an appeal before the Securities Appellate Tribunal (SAT) against a communication from the Exchange regarding remarks on their 'in-principle application' for a preferential allotment. The company is contesting an alleged outstanding SOP fine of ₹1,61,70,000 plus applicable GST, out of a total of ₹1,62,90,000 plus GST. GSB Finance is taking steps to pursue this matter at SAT and will provide further disclosures as required.
Key Highlights
- GSB Finance is appealing an alleged fine of ₹1.61 Cr to SAT.
- The appeal relates to remarks on a preferential allotment application.
- The company disputes the outstanding SOP fines.
- Further disclosures will be made as the SAT process unfolds.
Price Impact
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