Bhageria Industries Limited has issued a formal update regarding the ongoing proceedings before the Securities Appellate Tribunal (SAT) in relation to the adjudication order passed by SEBI on March 31, 2023. The company had previously communicated updates on April 24, 2025, noting the adjournment of the matter. As per the latest development, the SAT hearing that was scheduled for October 13, 2025, has once again been adjourned. The matter is now listed for final disposal on January 8 and 9, 2026. Until the conclusion of the SAT hearings, the SEBI order dated March 31, 2023, remains stayed, ensuring that no enforcement or penalties arising from the order are applicable to Bhageria Industries at this stage.

This development was officially communicated to the National Stock Exchange (NSE) and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all requisite details in compliance with SEBI Circular No. SEBI/HO/CFD/CFD–PoD–1/P/CIR/2023/123 dated July 13, 2023, demonstrating full adherence to corporate governance and disclosure norms.

The adjournment ensures that Bhageria Industries has additional time to prepare for the final hearings at SAT. The company continues to maintain transparency with its shareholders and regulators by providing timely updates on all material developments concerning the proceedings. The company also clarified that there are no new changes or developments related to litigation involving key management personnel, promoters, or ultimate persons in control, and no settlements have been made that would affect the financial position of the company.

From an investor perspective, this update is crucial as it clarifies that the SEBI adjudication order remains stayed until the SAT final hearing in January 2026. This stay protects the company from any immediate regulatory action or enforcement related to the 2023 SEBI order, offering stability to shareholders and stakeholders.

The official communication, signed by Deepa Toshniwal, Company Secretary and Compliance Officer, confirms that Bhageria Industries is proactively managing compliance and regulatory requirements. By updating stock exchanges and ensuring adherence to SEBI regulations, the company demonstrates its commitment to corporate transparency, good governance, and investor communication.

In summary, Bhageria Industries Limited continues to monitor and manage the SAT proceedings efficiently. The matter related to the SEBI adjudication order dated March 31, 2023, has been adjourned, with final disposal scheduled for January 8 and 9, 2026. During this period, the order remains stayed, ensuring no immediate financial or operational impact on the company. This development reflects the company’s ongoing commitment to regulatory compliance, transparency, and protecting shareholder interests while awaiting the resolution of the SAT proceedings.

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