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.

Read the original filing(PDF)

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