Mauria Udyog: SAT stays penalty/disgorgement recovery on 50% deposit

Mauria Udyog Ltd has filed an appeal with the Securities Appellate Tribunal (SAT) against a SEBI order dated June 30, 2026. The SEBI order imposed a 5-year debarment, disgorgement of ₹18,68,40,551 (jointly and severally), and a penalty of ₹1 Crore. The SAT, in its interim relief order dated October 8, 2026, rejected the stay on debarment but granted a stay on the recovery of penalty and disgorgement, provided the company deposits 50% of both amounts with SEBI within four weeks. The alleged violations relate to manipulation of the company's equity share price and volume. The company stated that apart from the debarment, there is no material impact on its financials or operations.