Legal16 May 2026, 03:00 pm
Unison Metals: Interim Relief Granted by SAT in Appeal No. 86/2026
AI Summary
The Securities Appellate Tribunal (SAT), Mumbai, has granted interim relief to Mr. Tirth Uttamchand Mehta and Mr. Uttamchand Chandanmal Mehta in Appeal No. 86 of 2026, according to a filing by Unison Metals Ltd. The SAT's interim order, dated April 28, 2026, addresses a SEBI order from February 5, 2026, which alleged manipulation in Unison Metals' share trading volume and price via Telegram channels. The company states that the SAT order is not expected to impact its financial or operational activities.
Key Highlights
- SAT granted interim relief to Mr. Tirth Uttamchand Mehta and Mr. Uttamchand Chandanmal Mehta.
- The appeal addresses a SEBI order alleging manipulation in Unison Metals' share price.
- SEBI's original order, dated February 5, 2026, implicated individuals in a Telegram-based scheme.
- The company anticipates no financial or operational impact from the SAT order.
- The SAT order was issued on April 28, 2026, in Appeal No. 86 of 2026.
Price Impact
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