Texmo Pipes and Products Limited — Others, 06-11-2024: Action(s) taken or orders passed

Texmo Pipes and Products Limited has successfully appealed to the Securities Appellate Tribunal (SAT), which has set aside SEBI's previous orders against the company. The SAT has directed SEBI to issue new orders after a review. The company does not anticipate operational impacts due to this decision and believes it has a strong case to refute the SEBI allegations. Further updates will follow as the situation develops.