Bhageria Industries Limited — Important, 03-12-2024: General Updates

Securities Appellate Tribunal (SAT) has adjourned its proceedings regarding the appeal filed by the Promoter(s)/Promoter Group(s) and Director(s) against the adjudication order from SEBI dated March 31, 2023. The matter, initially scheduled for final disposal on December 3, 2024, has now been rescheduled and will be listed again on January 21, 2025. Until that hearing, the aforementioned SEBI order remains stayed. Investors should watch closely for developments as the pending resolution could have implications for the company’s governance and market perception.