ImportantCompany Update

Decipher Labs' Annual Secretarial Compliance Report highlights a promoter's delayed declaration, which was subsequently rectified.

Decipher Labs Ltd524752 · Filed with the exchange

More significantly, the report details a previous SEBI order against the company and its directors for violating trading regulations.

The company itself was initially restricted from dealing in securities for a year.

However, the directors appealed this to the Securities Appellate Tribunal (SAT), which granted a stay on the restriction imposed on the company.

Two directors face orders to disgorge unlawful gains totaling Rs. 7.91 Cr and Rs. 2.31 Cr, along with penalties of Rs. 0.60 Cr and Rs. 0.35 Cr respectively, pending SAT's final order.

Read the original filing(PDF)

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