Morepen Laboratories announced that the SEBI vide order dated 24 September 2019, in the matter of issuance of Global Depository Receipts by the company, has directed inter-alia, prohibition on securities market's access and restraining from buying, selling or otherwise dealing in the securities, either directly or indirectly or in any other manner whatsoever, for a period of one year, to the Company.
In this regard, the Company is seeking advice for pursuing suitable remedies including filing of appeal before the appropriate forum.
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