MAN Industries Shares Rose by 2.8% Following SAT Allowed Stay on SEBI Order

Mumbai, October 10, 2025: Shares of MAN Industries (India) Ltd (NSE: MANINDS, BSE: 513269) advanced 2.8% to ₹379.45 in early Friday trade, following the Securities Appellate Tribunal (SAT) granting a stay on a SEBI order issued on September 29, 2025, against the company and three other noticees.

Founded with a focus on pipe manufacturing, MAN Industries (India) Ltd is a prominent producer of L-SAW and H-SAW line pipes for oil, gas, and water transmission applications. The company operates modern facilities at Anjar, Gujarat, and Pithampur, Madhya Pradesh, serving both domestic and international markets. Listed since June 2005, the company has established itself as a trusted supplier in the steel and pipeline industry.

Temporary Relief from the Tribunal’s Verdict

The SAT’s order, pronounced on October 10, 2025, gives MAN Industries immediate relief from SEBI’s earlier directive. The tribunal has instructed the company to deposit 50% of the penalty amount while further proceedings are ongoing. This stay allows the company to continue operations without the constraints of the original SEBI order, pending final resolution.

Market Response

Riding on the positive market response, the stock closed at ₹382.80, up ₹13.70 or 3.71% for the day. Its current P/E ratio stands at 17.12. The stock’s 52-week high and low are ₹468.00 and ₹201.55, respectively. The company’s total market capitalization is ₹2,857.86 crore, with a free float market cap of ₹1,172.23 crore.

Corporate Announcement

The information was publicly presented by Rahul Rawat, Company Secretary, through an official filing where he stated that the company had sent updates to both BSE and NSE concerning the SAT order. He made it clear that the company is ready to follow the order to deposit 50% of the penalty and sees this injunction as relief till the case is resolved in court.

REF: https://nsearchives.nseindia.com/corporate/MANINDS_10102025132252_MIIL_Stay_on_SEBI_Order_10102025.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations