Metroglobal Ltd Completes Restraint Period Imposed by Securities Appellate Tribunal (SAT)
Metroglobal Ltd has completed the period of restraint regarding accessing the securities market following an order passed by the Securities Appellate Tribunal (SAT), Mumbai, in Appeal No. 617 of 2021.The company confirmed that it has fully complied with and discharged its obligations under the SAT Order dated March 09, 2026. This order modified previous directions issued by the Whole Time Member, SEBI, and reduced the period of restraint on Metroglobal Ltd from accessing the securities market to three months from the date of the SAT Order.
Metroglobal Ltd has adhered to all directions contained in the aforementioned Order. The completion of the required compliance marks a development concerning the proceedings related to the original order.
Details regarding changes and developments in relation to the proceedings are summarized below:
| Proceeding Area | Status Update |
|---|---|
| Change in status or any development following the SAT Order dated March 09, 2026 (Appeal No. 617 of 2021) | The Company has fully complied with and completed the period of restraint prescribed therein concerning accessing the securities market and has discharged its obligations under the said Order. |
| Litigation against key management personnel or ultimate person in control | Not Applicable |
| Settlement of proceedings | Not Applicable |
METROGLOBL Stock Price Movement
Shares of Metroglobal Limited are edging higher to ₹130 as of 12:36 PM today, gaining ₹4.17 or 3.31%. The stock trades within an intraday range stretching from a low of ₹127.01 and reaches the daily high mark of ₹130.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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