The Securities and Exchange Board of India (Sebi) has barred Kore Digital Ltd, a passive telecommunication infrastructure provider, and three of its senior executives from raising funds through public securities offerings. The regulator also restrained the executives from buying, selling, or dealing in Kore Digital securities. This action follows prima facie evidence of financial manipulation and misleading disclosures, Sebi said on September 17, 2026, according to livemint.com.
Sebi has ordered a forensic audit of Kore Digital’s books from its listing date through March 31, 2026, and will conduct a detailed investigation into the company’s financials. The three executives have been prohibited from participating in capital market activities involving Kore Digital. These measures aim to protect investors and maintain market integrity while the probe is ongoing, livemint.com reported.
This move by Sebi highlights increasing regulatory scrutiny of listed companies in India amid concerns over financial transparency. Kore Digital’s case follows other instances where Sebi has intervened to prevent potential market manipulation. The bar on Kore Digital and its executives underscores the regulator’s efforts to enforce compliance and deter misleading disclosures that could harm investors and market confidence, according to livemint.com.
Sebi’s forensic audit and investigation will determine the extent of alleged financial irregularities at Kore Digital. The regulator’s next update is expected after the audit concludes, which will clarify the company’s standing and any further actions. The ban on fund-raising and securities dealings remains in effect until Sebi completes its inquiry, livemint.com stated.