Surat Trade Files Voluntary Settlement Application with SEBI

Surat Trade and Mercantile Ltd has filed a Voluntary Settlement Application with the Securities and Exchange Board of India (SEBI) under the SEBI (Settlement Proceedings) Regulations, 2018. This action follows the company's members approving the ratification of Material Related Party Transactions with Managing Director Mr. Alok P. Shah during FY 2025-26, which exceeded the materiality threshold. The company stated that the application itself has no immediate material impact, but any future settlement amount will be disclosed. Further developments will be promptly intimated.