Regulatory16 Jul 2026, 05:50 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). The order, dated June 30, 2026, prohibits the company and its directors/promoters, Mr. Navneet Kumar Sureka and Mrs. Deepa Sureka, from accessing the securities market for five years. This action stems from alleged lapses in SEBI regulations related to the manipulation of the company's share price and volume. The company stated that this order has no material impact on its financials or operations. The restraint period is subject to adjustment for any time already served under an interim order dated June 19, 2023.
Key Highlights
- SEBI issued a final order against Mauria Udyog and its directors.
- Directors barred from securities market for 5 years due to alleged manipulation.
- Company claims no material financial or operational impact.
- Order follows alleged violations of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations.
- Restraint period subject to adjustment for time already served.
Price Impact
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