SEBI Flags Concerns Over SME Promoters’ Misleading Post-Listing Announcements and Actions
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- By Chetan Kulasri
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- Last Updated on 29 August, 2024
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PR No. 18/2024; Dated: 28.08.2024
SEBI observed that after listing, some SME companies and/or their promoters have been resorting to practices that project an unrealistic picture of their operations. Such companies/promoters have been seen making public announcements that create a positive, but misleading picture. These announcements are followed by corporate actions such as bonus issues & preferential allotments. In this regard, SEBI, via present advisory, urges investors to be cautious while investing in such securities.
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