BSECompany Update3d ago · 2 Nov 2026, 04:11 pm

Disclosure under Regulation 30(13) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Receipt of Order from the SEBI

EKI Energy Services Ltd · 543284

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EKI Energy Services Ltd has received an order from the Securities and Exchange Board of India (SEBI) imposing monetary penalties totaling to Rs. 88 Lakh on the company and other individuals for alleged violations of securities market regulations. The company has not concurred with certain assertions and actions taken by the authority and is evaluating legal remedies.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment3/10

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EKI Energy Services Ltd - 543284 - Disclosure Under Regulation 30(13) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Receipt Of Order Dated October 30, 2026 From The Securities And Exchange Board Of India

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November 2, 2026 BSE Limited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 543284 Symbol: EKI Subject: Disclosure under Regulation 30(13) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Receipt of Order dated October 30, 2026 from the Securities and Exchange Board of India (received by e-mail on November 2, 2026) Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we hereby inform you that the Company has received an E-mail on November 2, 2026 at approx 10:44 AM from the Securities and Exchange Board of India, informing that an Order dated October 30, 2026 (Ref. QJA/MN/CFID/CFID-SEC6/32818/2026- 27) is passed in the matter of EKI Energy Services Limited by the Hon’ble Quasi-Judicial Authority, SEBI, imposing monetary penalties totaling to Rs. 88 Lakh on the Company and other individuals for various alleged violation of securities market regulations. On the basis of a preliminary reading of the Order, the company does not concur with certain assertions and actions taken by the authority. The Company is evaluating appropriate legal remedies available under law with necessary legal consultation and is preparing to suitably challenge the matter before appropriate authorities. The disclosures as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. HO/CFD/CFD-PoD-1/P/CIR/2025/376 dated January 30, 2026, are enclosed as Annexure - I. This is for your information and record. Thanking you, Yours faithfully, For EKI Energy Services Limited Yash Joshi Company Secretary and Compliance Officer Annexure - I Disclosure under Part A of Schedule III of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. Particulars Details 1. Name of the authority Securities and Exchange Board of India 2. Nature and details of the action(s) taken or Order under Sections 11(1), 11(4), 11(4A), order(s) passed 11B(1) and 11B(2) of the SEBI Act, 1992 read with Rule 5 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995. 3. Date of receipt of direction or order, including The Company has received the order on e-mail any ad-interim or interim orders, or any other on November 2, 2026 at 10:44 a.m. (approx.) communication from the authority; 4. Details of the violation(s)/contravention(s) Alleged violation of Regulation 2(1)(c), committed or alleged to be committed; particularly clause (5) and (8) of the PFUTP Regulations, Section 12A(c) of the SEBI Act 1992, read with Regulations 3(d), 4(1) and 4(2)(f), (k) and (r) of the PFUTP Regulations. Further, alleged violation of Regulation 4(1)(a), (b), (c), (e), (g), (h), (j), Regulations 33(1)(a), (c) and Regulation 48 of the LODR Regulations read with Ind AS 115. 5. Action on the Company Restrained from accessing the securities market and dealing in securities for 2 months from the date of the Order and penalty of Rs. 12 lakh (Rs. 7 lakh under Section 15HA and Rs. 5 lakh under Section 15HB), payable within 45 days of receipt. 6. Action on other persons Mr. Manish Kumar Dabkara (12 months), Mr. Mohit Kumar Agarwal (8 months), Mr. Naveen Sharma (5 months), Ms. Sonali Sheikh (1 month) restrained from accessing the securities market and dealing in securities. Penalty is also imposed on respective persons, Mr. Manish Kumar Dabkara (Rs. 28 lakhs), Mr. Mohit Kumar Agarwal (Rs. 19 lakhs), Mr. Naveen Sharma (Rs. 13 lakhs), Ms. Sonali Sheikh (Rs. 6 lakhs) Further, penalty imposed on Ms. Itisha Sahu (Rs. 2 Lakhs), Mr. Ritesh Gupta independent director (Rs. 4 Lakhs) and Mr. Burhauddin Ali Husain Maksiwala independent director (Rs. 4 Lakh). Mr. Manish Dabkara is directed to take steps to recoup the amount held to be diverted. 7. Impact on financial, operation or other activities No other material impact on the financial, of the listed entity, quantifiable in monetary operational or other activities of the Company. terms to the extent possible. 8. Remedial Action On the basis of a preliminary reading of the Order, the company does not concur with certain assertions and actions taken by the authority, specially when the company has not been found guilty by the Ministry of Corporate Affairs against the same allegations and transactions. The Company is evaluating appropriate legal remedies available under law with necessary legal consultation and is preparing to suitably challenge the matter before appropriate authorities, including appeal before the Securities Appellate Tribunal under Section 15T of the SEBI Act, 1992. The business of the company, including its ongoing projects and regular business transactions have not been inferred upon by this order and the same remains duly functional.