Regulatory22 Apr 2026, 06:41 pm
Prakash Steelage Receives Show Cause Notice from SEBI
AI Summary
Prakash Steelage Ltd has received a show cause notice from SEBI on April 22, 2026, regarding alleged violations of LODR Regulations. The notice, dated April 21, 2026, was issued under Rule 4(1) of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995. The company is preparing its response and will submit it within the permitted timelines. This follows an ongoing SEBI investigation, which was previously intimated to the exchanges on March 28, 2024.
Key Highlights
- Prakash Steelage received a show cause notice from SEBI on April 22, 2026.
- The notice pertains to alleged violations of LODR Regulations.
- The company is preparing its response to the show cause notice.
- This follows an ongoing SEBI investigation initiated earlier.
- The company will furnish its response within the stipulated timelines.
Price Impact
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