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Mishtann Foods' stock plummeted after SEBI accused the company of financial fraud and mismanagement.
Shares of Mishtann Foods dropped significantly after the Securities and Exchanges Board of India (SEBI) issued a restraining order against the company and its promoter, Hiteshkumar Gaurishankar Patel, due to allegations of financial mismanagement, fraudulent transactions, and corporate governance issues.
SEBI accused Mishtann of misusing funds and inflating sales through fictitious transactions.
The company denies these allegations and is addressing SEBI's concerns.
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Las acciones de Mishtann Foods cayeron después de que SEBI acusara a la compañía de fraude financiero y mala gestión.