OMAXE: SAT DISPOSES APPEAL AGAINST SEBI ORDER
• SAT Mumbai disposed of Omaxe’s appeal against SEBI’s July 30, 2024 order.
• Appeal involved Omaxe and certain promoters/directors.
• Matter related to alleged violations of SEBI LODR, PFUTP, SCRA and Companies Act provisions.
• Omaxe is evaluating the SAT order and available legal remedies.
• Financial/operational impact, if any, was already disclosed in relation to the original SEBI order.
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