ImportantCompany Update
Goenka Business & Finance Limited has received a final order from SEBI.
Goenka Business & Finance Ltd538787 · Filed with the exchange
The company faces a monetary penalty of ₹1 Crore.
Critically, SEBI has also restrained the company from accessing the securities market and prohibited it from dealing in securities, directly or indirectly, for a period of five years.
This action is expected to impact the company's financial strength.
Goenka Business & Finance Limited has stated its intent to appeal the order before the Securities Appellate Tribunal.
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