Taking note of social media posts and a complaint related to suspicious financials and disclosures by Bharat Global Developers Ltd, SEBI started a probe. Here's what happened after.

The Securities and Exchange Board of India (SEBI) order about the affairs of Bharat Global Developers Ltd. (BGDL), a company listed on the Bombay stock exchange (BSE), paints a picture of a multi-faceted scheme involving preferential allotments,

Sebi has suspended trading in Bharat Global Developers Ltd (BGDL) for financial misrepresentation, misleading disclosures, and price manipulation. The company’s management and key stakeholders, including MD Ashok Kumar Sewada,

Shares of Bharat Global have seen a 105 times jump in the last year, rising from just Rs 16.14 apiece in November 2023 to a high of Rs 1,703 in November 2024

The (SEBI) has suspended the trading of Bharat Global Developers Ltd. shares on all exchanges until further notice. In its order, the market regulator noted social media posts and complaints dated December 16,

Sebi had initiated an investigation into BGDL following social media posts and a complaint on December 16, 2024 regarding suspicious financials and disclosures by the company

Bharat Global said that the matter is under review but the company is committed to regulatory compliance, transparency and the highest standards of corporate governance.

The suspension, effective immediately, follows a Sebi probe that found significant irregularities in Bharat Global Developers Ltd’s financials and operations.

In a decisive move to protect investors the Securities and Exchange Board of India SEBI on Monday has issued an interim order against Bharat Global Developer

Sebi suspends trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices.

Bharat Global Developers stock split, bonus record date was on December 26. However, Bharat Global Developers stock split and bonus now stand suspended after SEBI action.