Transgene Biotek Ltd — Important, 03-02-2026: Company Update

Transgene Biotek Limited is facing severe operational disruption after SEBI initiated recovery proceedings for an unpaid penalty of 0.38 Cr. This action includes freezing all company bank accounts and prohibiting the disposal of its movable and immovable properties. The company highlights that these measures are in place despite its active appeal against the original penalty order at the Securities Appellate Tribunal, which remains pending. Consequently, all business activities, including critical payments like employee salaries, have come to a standstill, posing a significant challenge to the company's immediate future and impacting stakeholders.