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The latest announcement is out from Mawana Sugars Limited ( (IN:MAWANASUG) ).
Mawana Sugars Limited has announced that the Securities and Exchange Board of India’s Adjudication Officer has disposed of show cause notices issued in 2023 to its former chief financial officers, Anil Arora and Bharat Bhushan Mehta, and its company secretary, Ashok Kumar Shukla, without imposing any monetary penalties. SEBI concluded that the alleged violations of insider trading regulations, disclosure norms and related provisions under the SEBI Act were not established against these individuals, effectively closing the matter and removing a potential regulatory overhang for the company and its key past and present executives.
More about Mawana Sugars Limited
Mawana Sugars Limited is an Indian sugar manufacturing company operating in the agribusiness and commodities sector, with corporate offices in Gurugram and a registered office in New Delhi. The company focuses on sugar and related products for domestic markets and is listed on both BSE and NSE under the scrip code 523371 and symbol MAWANASUG.
Average Trading Volume: 3,099
Technical Sentiment Signal: Hold
Current Market Cap: 3.25B INR
See more insights into MAWANASUG stock on TipRanks’ Stock Analysis page.