SEBI is currently investigating Spright Agro Ltd. for multiple violations related to share issues and suspicious trading activities from August 2023 to April 2025.
Red flags emerged during significant transformations in the company's financials, capital structure, and stock price, leading to SEBI's probe.
The investigation focuses on preferential allotments, share splits, bonus issues, rights offerings, and offloading of shares by non-promoters, raising concerns about possible control and dilution.
The company's reported financial improvements coincided with changes in leadership, with the probe ongoing while investors await further developments.