Securities Appellate Tribunal Dismisses Hindustan Foods Limited's Appeal
The Securities Appellate Tribunal (SAT), Mumbai, has dismissed an appeal filed by Hindustan Foods Limited regarding an order issued by BSE Limited concerning a violation of SEBI regulations. The ruling, made on August 13, 2026, pertained to the original fine levied against the company.The SAT dismissed Appeal No. 178 of 2024, which had been filed by Hindustan Foods Limited against an earlier order dated December 10, 2023, issued by BSE Limited. The dispute centered on a violation of SEBI (LODR) Regulations, for which the BSE had imposed a fine of Rs. 52,21,500 on the company.
The appeal was dismissed by the Hon'ble Securities Appellate Tribunal without any associated costs.
Hindustan Foods Limited stated that while the SAT decision has been delivered, there is currently no material impact on the financial standing or operations of the company. The firm confirmed that it is in the process of contesting the said order.
Key details regarding the action and its outcome are summarized below:
| Particulars | Details |
|---|---|
| Authority involved | Securities Appellate Tribunal (SAT), Mumbai |
| Date of Order | August 13, 2026 |
| Original Contravention | Violation of SEBI (LODR) Regulations |
| Fine Imposed by BSE Limited | Rs. 52,21,500 |
| Current Status | The appeal has been dismissed without cost by SAT; the company intends to contest the order. |
HNDFDS Stock Price Movement
Shares of Hindustan Foods Limited shed 0.60%, pulling back to ₹593.05 as of 3:23 PM in live trading. The stock trades within an intraday range spanning from ₹590.7 to a day high of ₹600.4, continuing the strength that led to its 52-week peak.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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