Setco Automotive wins stay on ₹208.77 cr SEBI order
after close1 source ↓written by the desknot a recommendation
- SEBI order demanding
- ₹208.77 cr
- dated
- 08 May 2026
Setco Automotive Ltd has obtained an interim stay from the Securities Appellate Tribunal (SAT) on a SEBI order demanding ₹208.77 cr. The SAT's ruling, dated 08 May 2026, allows temporary relief but restricts the company and its promoters from accessing the securities market and requires an undertaking for asset dealings. This stay alleviates immediate financial pressure, yet the allegations of fund diversion remain unresolved.
Not investment advice. For informational purposes only.