Stuti Trademart Pvt. Ltd.

SAT-appeal

• Issue whether the noticees should be classified as public shareholders or as part of the promoter group, affecting compliance with minimum public shareholding requirements.
  Stayed the effect and operation of the WTM's impugned order during pendency of the appeals · Appellants permitted to file rejoinder within three weeks from 28 October 2021
  Appeal: Multiple appeals, including Appeal Nos. 543, 588, 596, 597, 598, 600, 617, 619, 634, 635 and 636 of 2021, were heard on stay applications; operation of the impugned WTM order stayed pending appeals. Final hearing listed for 17 December 2021.
• Alleged non-compliance with MPS requirement turning on whether Stuti Trademart Pvt. Ltd., Ganpatraj Choudhary and Siwana Agri Marketing Ltd. are public shareholders or part of promoter group.
  Stayed effect and operation of impugned WTM order during pendency of appeals · All stay applications disposed of accordingly
  Appeal: Appeal Nos. 543, 588, 619, 596, 597, 598, 600, 617, 634, 635, 636 of 2021 pending before SAT; stay granted on 28.10.2021, next date 17.12.2021