SEBI Orders Akash Infra Projects Limited Directors: No Penalty Imposed After Lack of Evidence
The Securities and Exchange Board of India (SEBI) Adjudicating Officer issued an Order on July 28, 2026, concerning several directors of Akash Infra Projects Limited following investigations into allegations related to specific corporate regulations. The order concluded that no penalty would be imposed against the named directors.The decision was communicated after reviewing the matters concerning Mr. Yoginbhai Patel, Mr. Ambusinh Gol, Mr. Premalsinh Gol, and Mr. Dineshbhai Patel.
According to the details provided by the company, the Adjudicating Officer of SEBI determined that no allegations against the directors were sustainable due to a lack of evidence. As a result of this finding, no penalty was imposed in the matter.
The investigation related to violations including those pertaining to Section 12A(a), 12A(b), and 12A(c) of the SEBI Act, read with various regulations of the PFUTP Regulations. The company reported that the impact of these matters on its financial or operational activities was noted as Not Applicable.
AKASH Stock Price Movement
Today, shares of Akash Infra-Projects Limited edged higher to close at ₹26.47, gaining 0.08% in post-market trading. The stock saw a wide intraday range between ₹26.11 and ₹26.87, with 12,785 shares traded 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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