Mauria Udyog

Mauria Udyog said the Securities Appellate Tribunal passed an interim relief order on 8 October 2026 in its appeal against the Securities and Exchange Board of India's final order of 30 June 2026. The tribunal rejected the plea to stay a five-year debarment and stayed recovery of a ₹18.68 crore disgorgement and a ₹1 crore penalty on condition that half of both amounts be deposited with SEBI within four weeks. The disgorgement was imposed jointly and severally with certain other noticees for alleged manipulation of the price and volume of the company's shares. The company manufactured LPG cylinders, valves and regulators alongside Eurospa terry towels and reported revenue of about ₹409 crore in the year to March 2025, with roughly three-quarters from exports to more than 75 countries. It filed an appeal against the June order after contesting SEBI restrictions stemming from a 2023 trading matter. An amount of ₹23 crore owed to Prudent ARC under a one-time settlement was shown as a current liability due in December 2026.

Powered by Tijori

Aug 7 (Reuters) - Mauria Udyog Ltd MAUR.BO:

• JUNE-QUARTER CONSOL PROFIT 48.7 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.09 BILLION RUPEES

Source text: ID:nBSE5n7c7r

Further company coverage: MAUR.BO

(([email protected];))

Mauria Udyog Ltd. has been restrained from accessing the securities market for five years under a final order passed by the Securities and Exchange Board of India. The order, dated June 30 and received on July 14, also bars its directors and promoters, Navneet Kumar Sureka and Deepa Sureka, from buying or selling securities. SEBI found the company and its promoters had manipulated the price and volume of its own equity shares. The five-year ban will be adjusted for the period already served under an interim order issued in June 2023. Mauria Udyog said the final order has no material impact on its financials or operations.

Powered by Tijori

Adds details on stock manipulation, SEBI's caution and details of its past actions

BENGALURU, June 21 (Reuters) - India's markets regulator on Wednesday issued an interim restraining order on 135 entities accessing the securities market and fined them about 1.26 billion rupees ($15.36 million for making wrongful gains from alleged stock manipulation of small-cap companies through bulk messages.

In its investigation, the Securities and Exchange Board of India (SEBI) found a set of entities manipulating shares of five listed companies - Mauria Udyog MAUR.BO, 7NR Retail NRRE.BO, Darjeeling Ropeway Co DARJ.BO, GBL Industries GBLI.BO and Vishal Fabrics VIFA.NS.

The entities first pushed up stock prices by trading among themselves and followed it up by sending "buy" recommendations to the public through bulk messages via texts and websites, the regulator said.

As the stocks rose, the entities booked substantial gains which were transferred back through a web of entities, the SEBI added.

The regulator also issued a caution for the wider public.

"General public is cautioned to be aware of such fraudulent activities being carried out through SMS messages, various websites, social media like Telegram, Instagram, YouTube and are further advised to deal only with SEBI registered intermediaries," it said.

SEBI has already been cracking the whip on false stock recommendations through social media platforms, and had, in April, barred six individuals from the securities market for one to three years for passing false tips on Telegram.

The regulator also plans to strengthen its norms to prevent suspicious trading activities, typically associated with front running, insider trading and share price manipulation.

($1 = 82.0154 Indian rupees)

(Reporting by Ira Dugal in Mumbai and Sethuraman NR in Bengaluru; Editing by Sohini Goswami)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))