Sebi confirms market ban on Synoptics Tech, promoters for IPO fund diversionLast Updated: October 03, 2025, 20:15 ISTRepresentational image (Image: News18)New Delhi, Oct 3 (PTI) Capital markets regulator Sebi on Friday said Synoptics Technologies and its promoters will remain barred from the securities market till the outcome of a probe in a case of alleged siphoning off IPO proceeds. Recommended Stories“I…hereby confirm the directions issued vide the interim order dated May 6, 2025," Sebi’s whole-time member Kamlesh C Varshney said in the confirmatory order. In May this year, Sebi had passed an interim order and barred Synoptics Technologies Ltd (STL) and its promoters from the securities market, following allegations of siphoning off IPO proceeds. Accordingly, Sebi directed FOCL not to take up any new assignments relating to merchant banking activities in the securities market till further directions from the regulator. PTI HG BAL BALFirst Published: October 03, 2025, 20:15 ISTNews agency-feeds Sebi confirms market ban on Synoptics Tech, promoters for IPO fund diversionDisclaimer: Comments reflect users’ views, not News18’s.