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AGI Greenpac LimitedImportant, 10-01-2025: General Updates

10-01-2025 | 06:00 pm

AGI Greenpac Ltd. is facing a legal matter concerning an Adjudication Order from the Securities and Exchange Board of India (SEBI), which imposed a penalty of ₹5,00,000 for alleged violations of listing regulations. The company has filed an appeal against this order, with an intervention application filed by HNG Industries Thozhilalar Nala Sangam being dismissed by the Securities Appellate Tribunal (SAT) due to lack of standing. The appeal will continue, with the next hearing set for January 29, 2025. Investors should monitor the situation closely, as these legal proceedings could impact the company's reputation and operational dynamics.

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