Archive · 30 Sep 2025
Man Industries: SEBI Ban Has No Impact, Says Company
SEBI banned Man Industries and three executives due to inaccurate financial reporting from 2015-2021.
The executives affected include Chairman Ramesh Mansukhani, Managing Director Nikhil Mansukhani, and CFO Ashok Gupta.
Each party faces a fine of ₹25 lakh.
The company has stated the penalty will not affect its operations and that it maintains a strong order book of ₹4,700 crore.
Man Industries' management believes that business will continue unaffected by the regulatory decision, with plans to pursue all available legal remedies.
SEBI barred Man Industries and executives from accessing securities markets.
The ban and fines relate to financial misstatements.
Executives penalized include Chairman Ramesh Mansukhani, and others.
Man Industries asserts the ban has no impact on its business.
Company has a strong order book of ₹4,700 crore.
- Who
- SEBI, Man Industries, Executives
- What
- SEBI barred Man Industries and executives from accessing securities markets due to financial misstatements.
- When
- Mentioned as FY15-FY21 in previous summary
- Where
- N/A
- Why
- Financial misstatements
SEBI's Stance
Man Industries Stance
Impact of Ban
SEBI's Stance
The ban restricts Man Industries and its executives from securities markets.
Man Industries Stance
Man Industries says the ban will have no material impact on company operations.
- Company
- Man Industries (India) Ltd.
- Action
- SEBI barred company and executives
- Executives Barred
- Ramesh Mansukhani, Nikhil Mansukhani, Ashok Gupta
- Penalty
- ₹25 lakh each on company and executives
- Company Stance
- No material impact on current/future operations
- Order Book
- ₹4,700 crore
Sources
Man Industries shares in focus after SEBI bars firm, three top executives from securities market
SEBI bars Man Industries, top officials from securities market for 2 years over financial misstatement
Man Industries Shares Tank 16% After Sebi Uncovers Fraud, Bans Executives
Man Industries share price crashes 13% after THIS update. Do you own?
Man Industries shares plunge 13%, SEBI imposes Rs 25 lakh penalty, two-year trading bar - Industry News
Man Industries shares plunge over 15 pc as SEBI bars top executives from market
SEBI Slaps ₹2-Year Ban On Man Industries, Why This Could Be A Warning For Other Listed Firms?
