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Diversified FMCG
Legal14 Aug 2026, 03:01 pm

Hindustan Foods Appeal Dismissed by SAT; Fine Stands

AI Summary

Hindustan Foods Ltd has received a final order from the Securities Appellate Tribunal (SAT), Mumbai, dated August 13, 2026, dismissing its appeal against an order by BSE Limited. The BSE order, dated December 10, 2023, had imposed a fine of ₹52,21,500 on the company for alleged violations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appeal was dismissed without any cost. The company stated that there is no material impact on its financials, operations, or other activities and is in the process of contesting the said order.

Key Highlights

  • SAT dismissed Hindustan Foods' appeal against BSE's order.
  • BSE had imposed a fine of ₹52,21,500 on the company.
  • The fine was for alleged violations of SEBI LODR Regulations.
  • Company claims no material financial or operational impact.
  • Hindustan Foods intends to contest the SAT order.