SEBI Bars Omaxe, Five Others Over Public Shareholding Violations.

Regulator imposes market-access restrictions and a ₹1.92 crore penalty over alleged artificial MPS compliance.

The Securities and Exchange Board of India (SEBI) has barred Omaxe Ltd and five associated individuals/entities from accessing the securities market for up to one year and imposed total penalties of ₹1.92 crore in a case involving minimum public shareholding (MPS) requirements. SEBI’s September 24, 2026 order found that Omaxe did not achieve the prescribed 25% minimum public shareholding through independent public shareholders. The regulator said funds originating from Omaxe and its group entities were routed through multiple companies and ultimately used to finance purchases of Omaxe shares during its 2013 Offer for Sale (OFS). Omaxe has been restrained from accessing the securities market for three months, while promoter-linked entities and individuals named in the order face restrictions of up to one year. SEBI also imposed monetary penalties on the concerned parties. The regulator said the arrangement created the appearance of independent public shareholding and resulted in incorrect reporting of MPS compliance.