SEBI Imposes Rs 2 Lakh Penalty on Emami Realty for LODR Lapses
Sebi imposed a Rs 2 lakh penalty on Emami Realty for LODR violations. The regulator said the company advanced an additional Rs 25 lakh loan to related party Lohitka without prior audit committee approval and rejected it as de minimis. Sebi also found incorrect classification of investments aggregating Rs 49.94 crore as inventories, citing Ind AS 27 and Ind AS 109, and noted a prior Rs 5 lakh penalty in 2023.