SCSecUR Credentials543625Delisting notice

Board approves appeal to SAT against NSE Delisting Committee order

The board of SecUR Credentials met on Monday, 19 October 2026, from 12:15 PM to 12:30 PM, and approved an appeal to be shared before the Hon'ble Securities Appellate Tribunal.

By ScoutQuest · Mon 19 Oct 2026, 12:59 PM IST · 2 min read

Board Meeting Date and Time

Monday, 19 October 2026, from 12:15 PM to 12:30 PM

Appeal Forum

Hon'ble Securities Appellate Tribunal

Order Under Appeal

Order dated October 09, 2026 passed by the Delisting Committee of National Stock Exchange of India Limited

What the board approved

• An appeal to be shared before the Hon'ble Securities Appellate Tribunal (SAT).
• The appeal is against an Order dated October 09, 2026 passed by the Delisting Committee of National Stock Exchange of India Limited.
• Mr. Ashish Ramesh Mahendrakar, Managing Director, has been authorised to verify, sign and file all necessary documents and papers, to appoint, instruct and authorise solicitors, advocates, lawyers, pleaders or other legal advisors, to revoke such appointments and make fresh ones, and to do all such acts, deeds, matters and things as may be deemed necessary.

Understanding the terms

• Delisting Committee: a committee of the stock exchange that deals with delisting matters. Here it is the National Stock Exchange of India Limited that passed the order on October 09, 2026.
• Securities Appellate Tribunal (SAT): the appellate forum where orders relating to the securities market can be challenged.
• The board's approval is for an appeal to be shared; the Managing Director has been given the authority to sign and file it.

Meeting details

• The board meeting was held on Monday, 19 October 2026, commencing at 12:15 (P.M.) and concluding at 12:30 (P.M.) at the registered office of the company.
• The outcome was intimated under Regulation 30 read with Regulation 33 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• The intimation is signed by Mr. Yogesh Kumar, Director.

What this means for a retail investor

• The company has chosen to contest the exchange's delisting-related order before the tribunal rather than let it stand.
• The update records the board's decision and the authority given to the Managing Director to pursue the appeal on the company's behalf.
• The appeal is the next step in a legal process, and the update sets out the decision and the mandate rather than any outcome of the appeal.

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