Omaxe Limited has been restrained from accessing the securities market and prohibited from dealing in securities for a period of three months. The Securities and Exchange Board of India (SEBI) passed this order on September 24, 2026, citing alleged non-compliance with Minimum Public Shareholding (MPS) requirements.

The regulatory action also extends to key individuals and entities associated with the company. SEBI imposed a one-year market access ban on Noticees No. 2, 3, 4, 6, and 7. Monetary penalties were levied against multiple parties, with the company facing a fine of ₹27 lakh.

Details of the SEBI Order

The order addresses proceedings relating to alleged violations of MPS provisions, disclosure norms under SEBI LODR Regulations, and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003. The violations specifically cite Regulation 31(1)(b) of the SEBI LODR Regulations and Sections 12A(a), (b), and (c) of the SEBI Act, 1992.

Note: Noticees No. 2, 3, 4, 6, and 7 were restrained from dealing in securities directly or indirectly for one year.

Impact on Operations

Omaxe stated that there is no material impact on its financial, operational, or other activities pursuant to the order, except for the restrictions on securities dealings. The company is currently examining the order and evaluating available legal remedies in accordance with the law.

What the Numbers Show

The disparity in penalties highlights the regulator's view on individual culpability versus corporate liability. While Omaxe faces a ₹27 lakh penalty, the three named individuals (Rohtaas Goel, Sunil Goel, and Jai Bhagwan Goel) each face a higher fine of ₹37 lakh, suggesting SEBI attributes significant personal responsibility to these promoters in the alleged MPS manipulation. Furthermore, the duration of the bans differs sharply: the corporate entity is barred for three months, whereas the individuals are barred for one year, indicating a stricter stance on personal conduct in this matter.

Omaxe has accepted the resignation of Neeraj Arora from his position as Vice President – PMO. The exit is effective September 10, 2026, due to personal reasons.

The company disclosed the change in senior management personnel under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued on September 11, 2026.

Resignation Details

The filing confirms that Mr. Neeraj Arora stepped down from the Senior Management Personnel role. The company cited personal reasons for the cessation of employment. In his resignation letter dated August 26, 2026, Mr. Arora expressed gratitude for the opportunities provided during his tenure and confirmed he would serve the prescribed notice period to ensure a smooth handover.

D B R Srikanta, Company Secretary and Compliance Officer, signed the disclosure. The full intimation is available on the company’s website and the stock exchanges.