Man Industries secures SAT stay on SEBI order penalties

Man Industries (India) Ltd. has provided an update on a stay order issued by the Securities Appellate Tribunal ("SAT") concerning an order from the Securities and Exchange Board of India ("SEBI") dated September 29, 2025. This stay applies to the entire SEBI order, which had been issued against the company and three other noticees.

The company informed the exchanges on October 10, 2025, that the SAT's stay includes a restraint from accessing the securities market and a reduction in monetary penalties. Specifically, the monetary penalties are now subject to a deposit of 50% of the original penalty amount.

This announcement, made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides crucial relief to Man Industries (India) Ltd. by mitigating the immediate impact of the SEBI order for its stakeholders.