SEBI Order: 3-month securities market restraint on company, Rs 27 lakh penalty

SEBI order dated September 24, 2026 on alleged non-compliance with Minimum Public Shareholding norms.

Fri 25 Sep 2026

SEBI Order Date

September 24, 2026

Company Market Restraint Period

Three months

Promoter/Noticee Restraint Period

One year

Penalty on Company (Noticee 1)

₹27 lakh

Penalty on Promoters (Noticees 2, 3, 4)

₹37 lakh each

What happened

Omaxe Limited has received an Order dated September 24, 2026 passed by the Securities and Exchange Board of India (SEBI), in proceedings relating to alleged non-compliance with the Minimum Public Shareholding (MPS) requirements and connected matters. The date of receipt of the order is recorded as September 25, 2026.

Directions passed

• Omaxe Limited (Noticee No. 1) restrained from accessing the securities market and prohibited from dealing in securities, directly or indirectly, for a period of three months.
• Mr. Rohtaas Goel, Mr. Sunil Goel, Mr. Jai Bhagwan Goel, Dream Home Developers Pvt. Ltd. and Guild Builders Pvt. Ltd. are among the other noticees; Noticees No. 2, 3, 4, 6 and 7 have been similarly restrained for a period of one year.

Monetary penalties

• ₹27 lakh each on Noticees No. 1, 7 and 8.
• ₹37 lakh each on Noticees No. 2, 3 and 4.

Alleged violations

The proceedings relate, inter alia, to alleged violations concerning compliance with Minimum Public Shareholding requirements, disclosure of shareholding, and applicable provisions of the SEBI LODR Regulations, the SEBI PFUTP Regulations, 2003 and the SEBI Act, 1992. In respect of the company, the Order records alleged violations relating to Regulation 31(1)(b) of the SEBI LODR Regulations, the applicable MPS provisions, and Section 12A(a), (b) and (c) of the SEBI Act, 1992 read with Regulations 3(b), 3(c) and 4(1) of the PFUTP Regulations.

Company's position

The company states it is examining the Order and evaluating the available legal remedies in accordance with law. It also states there is no material impact on the financial, operational or other activities of the company pursuant to the Order, except as described in the directions and penalties above.

What this means for a novice

Minimum Public Shareholding rules require a listed company to keep a set portion of its shares with public shareholders. A restraint on accessing the securities market means the company cannot raise funds or deal in securities through the market for the stated period. Penalties are payable amounts imposed by the regulator. The company has indicated it may pursue legal remedies, so the position could change.

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