Royal Orchid Hotels Limited — Others, 06-11-2024: Action(s) taken or orders passed

Royal Orchid Hotels Ltd. has notified that an appeal against the SEBI's Final Order, which included penalties, has been admitted by the Securities Appellate Tribunal (SAT). The tribunal granted a stay on the enforcement of certain directions from the order, contingent upon the company depositing 50% of the penalty amount. This sum has been deposited as per SAT's requirement. Further proceedings are scheduled for January 8, 2025.