Gammon India Limited

SAT-appeal

• Challenge to NSE's consequential delisting order directing delisting of all listed equity shares of Gammon India Limited following compulsory delisting by BSE.
  Appeal disposed of by recording NSE's submission. · NSE delisting order declared infructuous.
  Appeal: Appeal No. 463 of 2024 disposed of on 19 February 2026; NSE delisting order dated 8 May 2024 declared infructuous and listing restoration directed.
• Challenge to delisting of Gammon India Limited by BSE and NSE; grounds not detailed in admission order
  Appeals admitted · Respondents to file reply within four weeks
  Appeal: Appeal No. 462 of 2024 and Appeal No. 463 of 2024 admitted on 09.08.2024; pending with delisting subject to outcome; next date 11.10.2024
• Challenge to delisting of Gammon India Limited by BSE and NSE
  Appeals admitted · Delisting of the Company shall remain subject to outcome of these appeals
  Appeal: Appeal No. 462 of 2024 and Appeal No. 463 of 2024 admitted on 09.08.2024; pending with interim protection on delisting
• Company funds routed via RSPL to promoter-controlled Nikhita and Devyani to subscribe to Gammon rights issue, aiding fraud on shareholders.
  Not to divest, transfer or alienate shareholding in Gammon Infrastructure Projects Ltd for 3 years from public issue allotment · Restrained from accessing capital market directly or indirectly for 1 year from order date; similar direction to RSPL
  Appeal: Appeal Nos. 32, 33 and 45 of 2007 decided on 20.06.2008 by SAT
• SAT matter SATV-69E3F2F7C21A0132DCF7ED93
  Matter to be called on February 19, 2026 as prayed by both sides
  Appeal: Appeal No. 463 of 2024 pending; adjourned to February 19, 2026 vide order dated 18.02.2026
• Non-compliance of LODR Regulations leading to BSE direction for delisting of all listed equity shares
  Appeal disposed as appellant complied, impugned order worked for itself · BSE shall restore listing of the Company forthwith
  Appeal: Appeal No. 462 of 2024 disposed on 28.10.2025; no further appeal mentioned