SEBI Listing Regulations: Riddhi Siddhi Gluco Biols Loses Appeal, Debarred from Securities Market

Riddhi Siddhi Gluco Biols Limited (RSGBL) has received an order from the Securities Appellate Tribunal (SAT) regarding non-compliance with Minimum Public Shareholding (MPS) norms. The company's appeal was partly allowed, reducing the period of debarment from accessing the securities market. However, the SAT upheld SEBI’s findings of non-compliance with MPS norms. The company and certain individuals are debarred from accessing the securities market for a specified period. RSGBL is legally examining the order and will take appropriate legal actions.