Sebi Bars Mishtann Foods Over Financial Fraud

• Sebi has barred Mishtann Foods Ltd and five directors from the securities markets for alleged financial mismanagement and fraud.
• The investigation revealed fictitious sales, misappropriated funds, and inflated financials, leading to a drastic increase in public shareholders.
• Sebi directed the company to return misappropriated funds and prohibited it from raising public money until further notice.

Source: Ndtv, Mint, Ndtv, Mint