Man Industries (India) Ltd on Tuesday said the Securities Appellate Tribunal (SAT) has granted a stay on capital markets regulator SEBI's order that barred the company and its three senior executives.

The stay is conditional on the deposit of 50% of the penalty amount, the company said.

In its statement, Man Industries said "On October 10, 2025, SAT granted a stay on the entire Sebi order dated September 29, 2025, which was passed against the company and three other noticees.

" On September 29, SEBI barred Man Industries and its three senior executives from accessing the securities markets for two years and imposed a fine of ₹25 lakh on each of them for alleged financial misstatement.

Those penalised included Ramesh Mansukhani, Chairman of Man Industries; Nikhil Mansukhani, Executive

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