Securities Appellate Tribunal

Saar Commodities Ltd. vs SEBI on 6 October 2026

IN THE SECURITIES APPELLATE TRIBUNAL

AT MUMBAI

Date: 06.10.2026

Appeal No. 439 of 2025

[Along with Misc. Application No. 110 of 2026]

Saar Commodities Ltd.

…Appellant

Versus

Securities and Exchange Board of India …Respondent

Mr. Robin Shah, Advocate i/b Bodhi Legal for the Appellant.

Ms. Nidhi Singh, Advocate with Ms. Komal Shah, Mr. Arav Doss and Ms. Sanjana Kumari, Advocates i/b Vidhii Partners for the Respondent.

WITH

Appeal No. 472 of 2025

Manan Sharecom Private Limited

…Appellant

Versus

Securities and Exchange Board of India …Respondent

Mr. Bharat Redij, Advocate for the Appellant.

Ms. Nidhi Singh, Advocate with Ms. Komal Shah, Mr. Arav Doss and Ms. Sanjana Kumari, Advocates i/b Vidhii Partners for the Respondent.

Page 1 of 2

AND

Appeal No. 498 of 2025

[Along with Misc. Application No. 1205 of 2025]

Kanhya Trading Company

…Appellant

Versus

Securities and Exchange Board of India …Respondent

2

Mr. Udaysingh Kashid, Advocate for the Appellant.

Ms. Nidhi Singh, Advocate with Ms. Komal Shah, Mr. Arav Doss and Ms. Sanjana Kumari, Advocates i/b Vidhii Partners for the Respondent.

ORDER:

Learned advocate for the appellants seeks three weeks to file rejoinder. Granted.

2. Call on January 13, 2027.

Justice P. S. Dinesh Kumar Presiding Officer

Ms. Meera Swarup Technical Member

Dr. Dheeraj Bhatnagar Technical Member 06.10.2026 PK

PRERNA MANISH KHARE Digitally signed by PRERNA MANISH KHARE Date: 2026.10.08 12:27:05 +05'30'

Page 2 of 2

Loading citations and judicial treatment…

You have used today's free searches. Sign in, for free, to keep searching without a limit.

Compass reads the judgments for you and finds the paragraphs for and against your question. Sign in to use it.

My Vault follows judgments for you and records every later decision that cites them. Sign in to keep one.

Sign in to download the court's PDF. The full text stays free to read here.

Search and read Indian judgments without limits, save them to My Vault and find the relevant paragraphs with Compass.

Open the sign-in page instead