Legal17 Jul 2026, 02:35 pm
SEBI Restrains Mauria Udyog Directors for 5 Years
AI Summary
Mauria Udyog Ltd has disclosed a final order from the Securities and Exchange Board of India (SEBI) dated June 30, 2026. The order restrains the company and its Directors/Promoters, Mr. Navneet Kumar Sureka and Mrs. Deepa Sureka, from accessing the securities market for a period of 5 years. This action is due to alleged lapses in SEBI regulations concerning the manipulation of the company's share price and volume. The company stated there is no material impact on its financials or operations. The delay in disclosure was attributed to the voluminous nature of the SEBI order.
Key Highlights
- SEBI order restrains company and directors from securities market access.
- Restraint period is 5 years, subject to adjustment for time already served.
- Allegations involve manipulation of share price and volume.
- Company claims no material financial or operational impact.
- Disclosure delayed due to SEBI order's extensive documentation.
Price Impact
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