India, Dec. 20 -- The Securities Appellate Tribunal (SAT) has temporarily stayed the recovery of penalties imposed by SEBI on DroneAcharya and its promoters.

In a stock exchange filing today, the BSE SME-listed drone company said SAT has admitted its appeal against SEBI's November 28 order and halted the recovery of the penalty with immediate effect. However, the tribunal has directed DroneAcharya to deposit 50% of the penalty amount within four weeks, while the remaining sum will not be recovered during the pendency of the case.

The order was passed yesterday. SAT has granted SEBI four weeks to file its reply, after which DroneAcharya will have two weeks to submit its response. The next hearing is scheduled for February 12, 2026.

SEBI...