MPS Infotecnics Limited announced that This is to inform that Securities Exchange Board of India vide its order bearing no. ORDER/GR/RR/2020- 21/9709 dated Nov. ember 27, 2020 has imposed penalty of INR 100 million on the company under the provisions of Section 15HA of SEB! Act, 1992 and Section 23E of SCRA, 1956 for violation of Section 12A(a), (b), and (c), of SEBI Act, 1992 read with Regulation 3(a), (b), {), and (d), 4(f}, 4(2)(f), (k) & (r) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003, Section 21 of SCRA, 1956 read with clause 32, 36(7) and 50 of the Listing Agreement. It is further announced that the board of directors in its meeting held on 9th December 2020 has considered the order bearing no.: ORDER/GR/RR/2020-21/9709 dated 27 November 2020 passed by SEBI and decided to prefer an appeal before the Hon'ble Securities Appellate Tribunal, Mumbai, within the statutory period.