Legal2 Sept 2026, 06:50 pm
Omaxe Ltd: SAT dismisses appeal against SEBI order
AI Summary
Omaxe Ltd announced that the Securities Appellate Tribunal (SAT) has dismissed the appeal filed by the company and its promoters against an order passed by the Securities and Exchange Board of India (SEBI) on July 30, 2024. The SAT's order, dated September 1, 2026, dismissed the appeal (No. 568 of 2024) along with related applications. The allegations pertained to violations of SEBI regulations, Listing Agreement, SEBI Act, and Companies Act. Omaxe Ltd is currently evaluating the order and its legal remedies. The company stated that the order does not have any additional material impact on its financial or operational activities beyond what was already disclosed.
Key Highlights
- SAT dismissed Omaxe Ltd's appeal against a SEBI order.
- Allegations involved violations of SEBI regulations and acts.
- No additional material financial or operational impact disclosed.
- Company is evaluating legal remedies.
- Order dated September 1, 2026, received September 2, 2026.
Price Impact
More from OMAXE