Legal8 Oct 2026, 12:29 pm
Purple Agrotech: SAT stays SEBI order subject to penalty deposit
AI Summary
Purple Agrotech Industries Ltd (formerly Purple Entertainment Limited) has received an order from the Securities Appellate Tribunal (SAT), Mumbai, dated September 11, 2026. The SAT has stayed the impugned SEBI order (Order No. WTM/AS/IVD-2/ID16/32460/2026-27 dated June 30, 2026), provided the company deposits the full penalty within four weeks from September 11, 2026. The company is currently reviewing the matter, and as of the filing date, there is no impact apart from the monetary penalty imposed.
Key Highlights
- SAT stays SEBI order dated June 30, 2026.
- Penalty deposit required within four weeks of Sep 11, 2026.
- Company is reviewing the matter.
- No impact other than monetary penalty at present.
Price Impact
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