GAGA Share Market News

[hfe_template id='11223'] [ad_1] The shares of Mishtann Foods have gone down by nearly 10% to day’s low of Rs 8.95 on BSE after Sebi barred five entities, including the company, its promoter and CMD Hiteshkumar Gaurishankar Patel from the securities market till further orders for alleged financial mismanagement, fraudulent transactions, and corporate governance lapses. Sebi said Mishtann Foods engaged in circular trading with fictitious buyers and suppliers, many of which were shell entities controlled by the company’s directors and their associates. “These transactions inflated the company’s financial performance on paper, misleading investors and regulators," Sebi said in its order. Sebi's investigation revealed that the company engaged in circular trading with fictitious buyers and suppliers, many of whom were shell entities controlled by its directors and associates. These actions reportedly inflated Mishtann Foods’ financial performance, misleading investor...

[hfe_template id='11223'] [ad_1] Shares of Mishtann Foods nosedived 20% on Monday, hitting the lower circuit at Rs 9.94 on the BSE, after Sebi barred five entities, including the company, its promoter and CMD Hiteshkumar Gaurishankar Patel from the securities markets till further orders for alleged financial mismanagement, fraudulent transactions, and corporate governance lapses. The stock's decline extended a lower circuit streak from Friday, following Sebi's directive for Mishtann Foods to recover nearly Rs 100 crore allegedly siphoned through dubious transactions with related parties. Sebi said Mishtann Foods engaged in circular trading with fictitious buyers and suppliers, many of which were shell entities controlled by the company’s directors and their associates. “These transactions inflated the company’s financial performance on paper, misleading investors and regulators," Sebi said in its order. Sebi's investigation revealed that the company enga...