We wish to inform you that Hon''ble Securities Appellate Tribunal has passed an Order dated 29.04.2022 in the matter of Appeals filed by various Appellants (including our
Company) against Order dated 03rct September, 2020 read with Corrigendum Order dated 07th September, 2020. The said Order has been uploaded on the website of Hon ''ble Securities Appellate Tribunal i.e. sat.gov.in on 04th May,2022. A Copy of the said Order is annexed herewith.
The Hon''ble Securities Appellate Tribunal has been pleased to dismiss Appeal No. 195 of 2020 filed by our Company. We wish to mention that the Hon ''ble WTM had debarred our
Company from accessing the Securities Market for a period of 1 year from date of Order i.e. 03rd September, 2020 and the said debarment period had accordingly expired on 02nd
September, 2021. Hence, the Order passed by Hon ''ble Securities Appellate Tribunal will have no effect on our Company.
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