Man Industries Receives Stay on SEBI Order; SAT Directs 50% Penalty Deposit

Man Industries (India) Limited has received relief from the Securities Appellate Tribunal (SAT) as it granted a complete stay on the SEBI order dated September 29, 2025. The company and 3 other notices are required to deposit 50% of the penalty amount to avail the stay.

SAT Grants Full Stay on SEBI Order Against Man Industries

On October 10, 2025, the Securities Appellate Tribunal issued a stay order in connection with the Securities and Exchange Board of India’s directive against Man Industries (India) Limited and 3 additional parties. 

The SEBI order, passed on September 29, 2025, had imposed restrictions on market access and included monetary penalties. SAT’s ruling has stayed the entire SEBI order, provided that 50% of the imposed penalty is deposited.

Details of the SEBI Order and Stay Relief

The original SEBI order had restricted the company and the involved notices from participating in the securities market while imposing financial penalties. Following SAT’s intervention, the stay effectively halts both the restraining directions and the monetary liabilities, subject to the partial penalty deposit condition. The company formally informed both BSE Limited and the National Stock Exchange of India Limited regarding the decision.

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Communication with Stock Exchanges

In a filing addressed to BSE Limited and NSE, Man Industries confirmed that the SAT stay covers the entire SEBI order. The correspondence, signed by Company Secretary Rahul Rawat, clarified that the deposit of 50% of the penalty is a prerequisite for the continuation of the stay. The company emphasised its commitment to full compliance with all legal and regulatory proceedings while keeping shareholders informed.

Man Industries (India) Share Price Performance

On October 10, 2025, Man Industries (India) share price opened at ₹375.00 on NSE, above the previous close of ₹369.10. During the day, it surged to ₹393.00 and dipped to ₹370.00. The stock is trading at ₹383.25 as of 3:10 PM. The stock registered a significant gain of 3.83%.

Over the past week, it has declined by 0.74%, over the past month, it has declined by 6.46%, and over the past 3 months, it has declined by 9.70%.

Conclusion

The SAT’s decision to grant a complete stay provides significant interim relief to Man Industries (India) Limited. By allowing continued market access and pausing the monetary penalty pending further proceedings, the ruling marks a crucial development in the company’s regulatory journey.

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