Mishtann Foods Stock Tumbles Amid SEBI Probe

Mishtann Foods shares crashed 36% in two days after SEBI accused the company of financial irregularities, including inflated sales and fake entities. SEBI has barred the firm and five directors from the market, citing fraud. Mishtann denies the allegations and claims legal efforts are underway. The stock hit consecutive lower circuits, alarming investors, as its value dropped significantly this year. The investigation covers activities from 2017-2024, raising concerns over corporate transparency.