Panafic Industrials Limited

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeal allowed in part and penalty reduced to Rs 1 lakh

SAT-appeal

SAT matter SATV-0353579C5C8950491D90621E
Matter adjourned after the appellant sought time · Listed on 21 August 2025
Appeal: Appeal No. 136 of 2024; order dated 22 July 2025; appellant sought time and matter was listed on 21 August 2025
SAT matter SATV-ACDB274D71E2CB3E991E42B9
Adjourned - Call on January 06, 2025
Appeal: Appeal No. 136 of 2024 with Misc. Application No. 52 of 2024 and Misc. Application No. 432 of 2024 - pending, adjourned to January 06, 2025
Failure to disclose reduction in Mahavir Industries Ltd shareholding from 12.31% to 4.77% with 119 days delay violating Reg 29(2) and 29(3) SAST.
Appeal allowed in part and penalty reduced to Rs 1 lakh · All other findings of impugned AO order remain undisturbed
Appeal: Appeal No. 136 of 2024 allowed in part on 21 August 2025, penalty reduced to Rs 1 lakh

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Source: SecMarx — Panafic Industrials 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.