“The planned reduction of shareholding in Scal to 19 per cent to avoid consolidation of financial statements of Scal, execution of non-genuine sales to Scal through MoU’s, granting deferment of payment to Scal (and not any other bulk buyer), inflation of sales and profit of BDMCL, non-realization of payments from Scal etc, were all different legs of the broad ‘scheme of fraud’ perpetrated under the supervision and control of Noticee no. 3, 4 and 5, (Wadias) while they were at the helm of affairs at BDMCL,” Sebi noted.
13 BSE 500 stocks surged up to 200% in just 3 months; 3 turned multibaggers
Despite volatile markets, several stocks delivered exceptional returns, with 13 companies gaining 70–200% in three months. HFCL led the rally, while broader market strength created
June 25, 2026