SAT stays SEBI order, subject to deposit of full penalty within four weeks

SAT, Mumbai order dated 11/09/2026 in Appeal No. 294 of 2026: stay of the impugned SEBI order dated 30th June, 2026, subject to deposit of full penalty within four weeks from 11/09/2026.

Thu 8 Oct 2026

SAT Order Date

11/09/2026

Appeal Number

Appeal No. 294 of 2026

SEBI Order Date

30th June, 2026

What the company informed the exchange

The company has told BSE that it has received an Order of The Securities Appellate Tribunal, Mumbai dated 11th September, 2026 in the matter of Appeal No. 294 of 2026.

What the order says

• There shall be stay of the impugned order — 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 authority is The Securities Appellate Tribunal, Mumbai, and the date of receipt of the notice is 11/09/2026.
• Details of the violation or alleged contravention are stated as "As mentioned in the Order".

What a stay means, simply put

A stay means the order being appealed against is put on hold for the time being, while the appeal is heard. Here, the tribunal has stayed the SEBI order, but has attached a condition: the full penalty must be deposited within four weeks from 11/09/2026.

What the company says about the impact

In its disclosure, the company states that it is reviewing the matter and that, as on date, there is no impact apart from the monetary penalty imposed.

What to take away

This is a regulatory and legal update. The two points that stand out are that the SEBI order has been stayed, and that the stay is conditional on the full penalty being deposited within four weeks from 11/09/2026.

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