Sebi Bans 5 Companies From Stock Markets Over Alleged Financial Mismanagement

Sebi Bans 5 Companies From Stock Markets Over Alleged Financial Mismanagement

Sebi on Thursday restrained five entities, including Mishtann Foods and its promoter and CMD Hiteshkumar Gaurishankar Patel, from the securities markets till further orders for alleged financial mismanagement, fraudulent transactions.

Mishtann Foods shares crash 20% after Sebi ban - GAGA INDIA

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Market regulator SEBI has banned five companies including Mistan Foods and its promoter and CMD Hitesh Kumar Gaurishankar Patel from the securities market until the next order. The ban has been imposed for alleged financial mismanagement, fraudulent transactions and corporate governance impairments. Ban Mistan Foods Limited (MFL) from raising funds from the public with 12 organisations including Hitesh Kumar, Navinchandra Patel (CFO), Ravikumar …

SEBI Bars Mishtann Foods MD Hiteshkumar Patel, Three Others From Securites Market For Alleged Fraud

The Securities and Exchange Board of India on Thursday imposed restrictions on five entities, including Mishtann Foods Ltd. and its promoter and CMD Hiteshkumar Gaurishankar Patel, barring them from participating in the securities markets until further notice. The action follows allegations of financial mismanagement, fraudulent transactions, and corporate governance violations.SEBI also prohibited MFL from raising funds from the public and barr…

Sebi orders Mishtann Foods to bring back nearly Rs 100 crore misappropriated funds, bans co, promoter from markets

Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriated through dubious transactions with related parties. Sebi also restrained five entities, including Mishtann Foods and its promoter and CMD Hiteshkumar Gaurishankar Patel, from the securities markets till further orders for alleged financial mismanagement, fraudulent transactions, and corporate governance lap…