Sebi orders against LS Industries amid trading concerns

LS Industries (BSE: LSIND) is under investigation by the Securities and Exchange Board of India (SEBI), which issued an exparte order against the company on February 11, 2025. The order alleges unusual trading activity and operational issues, prompting SEBI to restrict the company from capital markets. The investigation was triggered by an article questioning the company's high market capitalization despite negligible revenue. SEBI's interim order cites concerns over shareholding transfers, trading patterns, and connections among related parties. Key individuals, including Jahangir Panikkaveettil Perumbarambathu, are restrained from trading LS Industries shares. SEBI has directed a detailed investigation with a target completion date of May 15, 2025. The company is preparing to provide clarifications to SEBI and claims to be unaware of any non-compliance with SEBI directives. LS Industries assures stakeholders that they will comply with SEBI's directions.