ZEEL’s share price declines after SEBI’s interim order

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Filesadmin.co Entertainment Enterprises Limited’s company (ZEEL) share price was affected after the company announced set up a provisional committee, Includes senior executives to oversee operations.

It comes after the Securities Court of Appeal upheld a provisional injunction against Managing Director and Chief Executive Officer Punit Goenka and Chairman Emeritus Subhash Chandra Goenka of SEBI.

According to SEBI’s interim order issued on June 12, Goenkas is prohibited from holding key managerial or management positions in any listed company or its subsidiaries due to alleged fund acquisition and default. the The Securities Court of Appeals (SAT) issued instructions Goenkas to respond and file an application to unilaterally cancel the provisional order within two weeks.

ZEEL share price fell 2.42 per cent to Rs 224.10 on BSE at 11:03 am