Yesterday, post-market hours, there was a shocking exchange release for Man Industries.
![](https://alphaideas.in/wp-content/uploads/2022/05/sebi1.jpg)
![](https://alphaideas.in/wp-content/uploads/2022/05/sebi2.jpg)
Some strange aspects of this exchange release:
–The SEBI letter is marked 22 Nov, 2021. Yet, this is becoming public only now
– The SEBI letter is not marked to the Stock Exchanges. This is a glaring omission.
-The Exchange Release does not have any covering letter from the Company Secretary.This means that the Exchanges released this communique as soon as they became aware of it
![](https://alphaideas.in/wp-content/uploads/2022/05/nse.jpg)
So basically to conclude, neither SEBI nor the Co bothered to timely inform the shareholders of such a material event.