SEBI Issues Final Order Restraining Mauria Udyog Ltd Directors from Securities Market
Mauria Udyog Limited has received a final order from the Securities and Exchange Board of India (SEBI) regarding allegations of market manipulation. The regulatory authority has imposed significant restrictions on the company and its key promoters, specifically Mr. Navneet Kumar Sureka and Mrs. Deepa Sureka.The order, dated June 30, 2026, restricts the named individuals from accessing the securities market for a period of 05 years. This prohibition includes any involvement in buying, selling, or otherwise dealing in securities, whether directly or indirectly. The restriction also prohibits them from being associated with the securities market in any manner during this timeframe. This five year period is subject to the adjustment of any restraint periods already served following an interim order issued on June 19, 2023.
The regulatory action stems from alleged violations of the SEBI Act, 1992, and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003. These allegations pertain to the manipulation of the price and volume of the company's equity shares.
Regarding the operational impact of these proceedings, the company stated that there is no material impact on its financials, operations, or other business activities.
The details of the regulatory action are summarized in the table below:
| Particulars | Details |
|---|---|
| Authority | Securities and Exchange Board of India (SEBI) |
| Nature of Action | Restriction of Company and Directors/Promoters from securities market for 05 years |
| Date of Order Receipt | July 14, 2026 |
| Violation Allegations | Manipulation of price and volume of equity shares |
| Financial Impact | No material impact on financials or operations |
Stock Price Movement
As of 14:27, Mauria Udyog Ltd shares are drifting lower to ₹8.59, down 2.94%. The stock is currently oscillating between an intraday low of ₹8.30 and a high of ₹8.79.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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