Lloyds Luxuries Limited Receives Show Cause Notice From SEBI Regarding Accounting Treatment
Lloyds Luxuries Limited has received a Show Cause Notice from the Securities and Exchange Board of India (SEBI) regarding adjudication proceedings initiated under Section 15-I of the Securities and Exchange Board of India Act, 1992. The notice, dated July 15, 2026, relates to the accounting treatment adopted by the company for specific branding, marketing, and pre-operative expenses, as well as the presentation of financial statements for the fiscal years 2022-23 to 2024-25.The notice highlights alleged non-compliances with existing regulations and references the applicability of Section 27(1) of the Securities and Exchange Board of India Act, 1992, in relation to certain officers of the company. The proceedings are currently pending before the Adjudicating Officer.
The Show Cause Notice was issued to the following entities and individuals:
| Noticee | Designation |
|---|---|
| Lloyds Luxuries Limited | Listed Entity |
| Mr. Shreekrishna Mukesh Gupta | Chairman & Director |
| Mr. Prannay Dokkania | Managing Director |
The proceedings are currently at the Show Cause Notice stage, and no penalties or sanctions have been imposed at this time. The company is evaluating the contents of the notice in coordination with its management and legal advisors to prepare a comprehensive response within the prescribed timeframe.
Lloyds Luxuries Limited has stated that it possesses adequate legal and factual grounds to present its case before the Adjudicating Officer. The company further noted that the issuance of this notice represents the initiation of adjudication proceedings, and no final order from SEBI has been passed as of this date.
The financial implications of the matter are currently undetermined, as they will depend on the final outcome of the ongoing proceedings.
LLOYDS Stock Price Movement
Lloyds Luxuries Limited shares rallied 4.70% today to finish at ₹78.00. The stock saw a total traded volume of 1,000 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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