MAN Industries (India) Limited
Penalties and directions recorded
- Penalty of Rs 11,00,000 for Reg 12(1)/trading window violation deleted/set aside
- Violation of Reg 12(2)/Clause 2.0 Schedule II upheld; Rs 22,00,000 penalty held excessive for reconsideration
- AO's Rs 25 lakh joint and several penalty under challenge; SAT observed no merit in appellants' case (full operative part truncated)
- Appeals No.185 of 2014 and 192 of 2014 dismissed; AO order dated 28/03/2014 with Rs.25 lakh joint and several penalty upheld
SAT-appeal
- Failure to close trading window while holding UPSI on large orders and delayed disclosure of ~Rs 1200 cr order wins including SCOP Iraq order.Penalty of Rs 11,00,000 for Reg 12(1)/trading window violation deleted/set aside · Violation of Reg 12(2)/Clause 2.0 Schedule II upheld; Rs 22,00,000 penalty held excessive for reconsideration
- SAT matter SATV-547E989454B014642E99578ENot on Board - Call on April 01, 2026Appeal: Appeal No. 93 of 2026 along with Misc. Application No. 321 of 2026 - Not on Board on 30.03.2026, Call on April 01, 2026
- Delayed dissemination of price sensitive information about bagging two large Iranian orders, violating immediate and continuous disclosure under PIT Regulations.AO's Rs 25 lakh joint and several penalty under challenge; SAT observed no merit in appellants' case (full operative part truncated)
- Delayed dissemination of price sensitive information on bagging two large Iranian orders, disclosed 29/04/2009 after delays of 59 days and 7 days.Appeals No.185 of 2014 and 192 of 2014 dismissed; AO order dated 28/03/2014 with Rs.25 lakh joint and several penalty upheld
Source: SecMarx — MAN Industries (India) Limited. 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.