Bengaluru, Sept. 26 -- A penny stock providing logistics services to exporters and importers has drawn attention as both the company and its promoters have been banned from the stock market for five years. Read the article below to understand the reasons behind SEBI's action.

Seacoast Shipping Services Ltd, with a market capitalization of Rs. 79.72 crore, last traded on September 22, 2025, and its shares are currently suspended due to regulatory penalties.

Reasons why Seacoast Shipping Services Ltd is Banned The company misrepresented its financial statements from FY21 to FY23 and into 2023, misleading investors about its true financial health. In FY21, the company reported revenue of Rs. 243 crore and PAT of Rs. 11 Crore. In FY23, it r...