Harish Sheth

5 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Deposit full penalty amount within four weeks; SEBI to keep in interest-bearing account
File affidavit undertaking not to access securities market and not deal personal assets without SEBI approval

SAT-appeal

SAT matter SATV-4AB69690FC40652365C92A38
Appeal admitted · Respondent allowed six weeks time to file reply
Appeal: Appeal No. 120 of 2026 along with Misc. Application No. 392 of 2026 admitted on 05.05.2026; interim prayer reserved - pending
SAT matter SATV-EA0A903AD03E9F66A21371E6
Call / next listing on July 30, 2026
Appeal: Appeal No. 120 of 2026 dated 08.05.2026 - pending, next listed on July 30, 2026
Alleged diversion of IRF funding by SAL promoters: Rs 107.76 Cr marketing commission to promoter-owned SEPL plus Rs 101 Cr investment in SEPL preference shares; financials FY19-22 not per Accounting Standards.
Interim prayer allowed; QJA order dated 5 Feb 2026 stayed pending appeal · Deposit full penalty amount within four weeks; SEBI to keep in interest-bearing account
Appeal: Appeal No.120 of 2026 with Misc. Application No.392 of 2026 pending at admission; interim stay granted 8 May 2026
SAT matter SATV-CA8511816C059BD427FFC76D
SEBI shall intimate all concerned to facilitate substitution of nominees · Appeal called for admission on 05.05.2026
Appeal: Appeal No. 120 of 2026 with Misc. Application No. 392 of 2026 at admission stage; next date 05.05.2026
SAT matter SATV-DFE3B9FF6935F1303AAD3438
Adjourned as prayed for; matter to be called on 29.04.2026
Appeal: Appeal No. 120 of 2026 along with Misc. Application Nos. 391 & 392 of 2026 pending before SAT; adjourned to 29.04.2026

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Source: SecMarx — Harish Sheth. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.