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
✦ AI Summary▼ NegativeRegulatory
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.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment3/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
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
Attachments (1)
📄pdf
Download →
b2d7820a-ea2d-4c46-b278-96d3d6c6b35f.pdf
View document text
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.