SEBI Imposes Five Year Market Ban on Mauria Udyog Limited and Key Directors
Mauria Udyog Limited has received a final order from the Securities and Exchange Board of India (SEBI) regarding alleged violations related to the manipulation of the company's equity shares. The regulatory action follows an interim order issued in June 2023.The SEBI Final Order, dated June 30, 2026, imposes a five year restraint on the company and its prominent promoters, Mr. Navneet Kumar Sureka and Mrs. Deepa Sureka. Under these terms, the entities and individuals are prohibited from accessing the securities market and are barred from buying, selling, or dealing in securities, either directly or indirectly. The order also restricts them from being associated with the securities market in any manner for the specified period, subject to adjustments for any restraint periods already served.
The regulatory action stems from alleged lapses concerning the provisions of the SEBI Act, 1992, and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003. These allegations specifically relate to the manipulation of price and volume regarding the company's equity shares.
The company has stated that there is no material impact on its financials, operations, or other activities resulting from this order.
| Particulars | Details |
|---|---|
| Authority | Securities and Exchange Board of India (SEBI) |
| Order Date | June 30, 2026 |
| Receipt Date | July 14, 2026 |
| Nature of Action | Five year restraint on company and directors/promoters from accessing securities market and dealing in securities |
| Basis of Violation | Alleged manipulation of price and volume of equity shares |
Stock Price Movement
Mauria Udyog Ltd shares settled at ₹8.85 on Thursday, slipping 0.45%. The stock traded within a wide range between its low of ₹8.80 and high of ₹9.19 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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