SEBI settlement order against Kalyani Steels Limited, BF Utilities Limited, and Mrs. Deepti R Puranik for alleged fund diversion and misuse through investments in promoter group companies with nil operations and negative net worth.
Impact
Medium
Severity
High
Justification
Involves serious allegations of fund diversion and fraudulent trade practices against a listed company and its promoter group over a 12-year investigation period; settlement reduces immediate market impact but underlying governance concerns are significant.
BSE demat auction listing 89 scrips scheduled for settlement number 789 on January 2, 2026.
Impact
Low
Severity
Low
Justification
Routine demat auction notice affecting specific scrips with limited market-wide impact. Relevant only to participants involved in settlement failures for listed securities.
List of securities and quantities subject to demat auction in settlement number 789 dated January 2, 2026.
Impact
Medium
Severity
Medium
Justification
Demat auction affects multiple securities and their delivery obligations. Members with short positions in these securities must participate in the auction to fulfill delivery requirements. Medium impact as it's a routine settlement mechanism affecting specific positions.