14 Oct 2025 | 5 Mins Read
SAT grants stay on SEBI order to ban Man Industries
Flipitmoney
Sebi barred Man Industries and three senior executives from securities markets for two years and imposed a ₹25 lakh fine on each, citing deliberately misstated financial statements from 2015-16 to 2020-21. SAT granted a stay conditional on 50% penalty deposition, but Crisil Ratings has reaffirmed its credit ratings, citing expected limited impact on the company's business.