Gracious Software Ltd vs SEBI on 30 September 2026

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date : 30.09.2026

Appeal No. 836 of 2023

And

Misc. Application No. 836 of 2025

Gracious Software Ltd.

….. Appellant

Versus

Securities and Exchange Board of India

… Respondent

Mr. Kushal Shah, CA with Dr. Keyur Shah, Advocate i/b Prakash Shah & Associates for the Appellant.

Ms. Prapti Kedia, Advocate with Ms. Sanskriti Sharma, Advocate i/b Agama Law Associates for the Respondent.

With

Appeal No. 837 of 2023

And

Misc. Application No. 301 of 2025

Madhuban Constructions Ltd.

….. Appellant

Versus

Securities and Exchange Board of India

… Respondent

Mr. Kushal Shah, CA with Dr. Keyur Shah, Advocate i/b Prakash Shah & Associates for the Appellant.

Ms. Prapti Kedia, Advocate with Ms. Sanskriti Sharma, Advocate i/b Agama Law Associates for the Respondent.

With

Appeal No. 838 of 2023

And

Misc. Application No. 304 of 2025

Eden Infrasmith Pvt. Ltd.

….. Appellant

Versus

Securities and Exchange Board of India

… Respondent

Advocate i/b Ketan Rupani & Co. for the Appellant.

Ms. Prapti Kedia, Advocate with Ms. Sanskriti Sharma, Advocate i/b Agama Law Associates for the Respondent.

With

Appeal No. 839 of 2023

And

Misc. Application No. 303 of 2025

Wave Merchantile Private Ltd.

….. Appellant

Versus

Securities and Exchange Board of India

… Respondent

Mr. Kushal Shah, CA with Dr. Keyur Shah, Advocate i/b Prakash Shah & Associates for the Appellant.

Ms. Prapti Kedia, Advocate with Ms. Sanskriti Sharma, Advocate i/b Agama Law Associates for the Respondent.

With

Appeal No. 187 of 2024

Saras Developers Pvt. Ltd.

….. Appellant

Versus

Securities and Exchange Board of India

… Respondent

Mr. Kushal Shah, CA with Dr. Keyur Shah, Advocate i/b Prakash Shah & Associates for the Appellant.

Ms. Prapti Kedia, Advocate with Ms. Sanskriti Sharma, Advocate i/b Agama Law Associates for the Respondent.