Revised disclosure on delayed Reg 30 update: SAT stay on SEBI order subject to full penalty deposit

Revised Reg 30 disclosure shared to explain the delay in reporting the earlier announcement on the SAT order.

Fri 9 Oct 2026

SAT Order Date

11th September, 2026

Appeal Number

Appeal No. 294 of 2026

Stay Condition

stay of the impugned order ... subject to deposit of the full penalty within four weeks from 11/09/2026

What the company has informed the exchange

The company has shared a revised disclosure with BSE Limited about a corporate announcement it had submitted earlier. That earlier announcement related to an order of The Securities Appellate Tribunal, Mumbai dated 11th September, 2026, passed in Appeal No. 294 of 2026 shared by the company.

The company says the delay in update the disclosure of the material event was due to an inadvertent delay in internal communication and coordination. It states there was no mala fide intention on its part, and that any non-compliance or lapse was neither deliberate nor intentional. It has expressed regret for the delay.

What the tribunal's order provides

• There shall be stay of the impugned order, being the SEBI Order (Order No. WTM/AS/IVD-2/ID16/32460/2026-27) dated 30th June, 2026.
• The stay is subject to deposit of the full penalty within four weeks from 11/09/2026.
• The company states it has also deposited the same.
• The authority named in the disclosure is The Securities Appellate Tribunal, Mumbai.

How to read this

A stay means the impugned SEBI order is held in abeyance while the appeal is pending, and here it is conditional on the full penalty being deposited within the stated four weeks. The company states that this deposit has been made.

The company also says it is reviewing the matter and that, as on date, there is no impact apart from the monetary penalty imposed. The details of the alleged violations or contraventions are stated as being as mentioned in the Order.

On the delayed disclosure

The company has explained to the exchange why the event was reported late, and has said it remains committed to timely compliance. The disclosure also notes that the company was formerly known as Purple Entertainment Limited.

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