Seya Industries Officials Secure Interim Relief from SAT Against SEBI Order

Seya Industries has found itself at the center of a regulatory tussle, with its top officials receiving a temporary reprieve from the Securities Appellate Tribunal (SAT) against a recent SEBI order.

SAT Grants Interim Relief

The Securities Appellate Tribunal has issued an interim order directing the Securities and Exchange Board of India (SEBI) to refrain from taking action until the next hearing, scheduled for September 8, 2025. This development comes in response to an appeal filed by four company officials against a SEBI order dated May 2, 2025.

Key Officials Involved

The appeal was filed by:

• Mr. Ashok Ghanshyamdas Rajani
• Mr. Asit Kumar Bhowmik
• Mr. Sivaprasada Rao Buddi
• Mr. Amrit Ashok Rajani

These individuals sought relief from the regulatory action imposed by SEBI earlier this year.

Timeline of Events

Company's Disclosure

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Seya Industries' Interim Resolution Professional, CA. Bhavesh Rathod, disclosed the SAT order to the stock exchanges on August 26, 2025.

Implications and Next Steps

While the interim order provides temporary relief to the appellants, the matter remains pending before the tribunal. The outcome of the September 8 hearing could have significant implications for both the company officials and Seya Industries as a whole.

Investors and market participants will be closely watching the developments in this case, as it could impact the company's governance and regulatory compliance standing. As the situation unfolds, Seya Industries remains under the supervision of an Interim Resolution Professional, indicating ongoing challenges for the company.

The stock market's reaction to these developments will be crucial to monitor in the coming days, as regulatory actions often have a substantial impact on investor sentiment and share price performance.