SEBI Bans Synoptics Technologies Over IPO Fund Misuse Allegations
India's Securities and Exchange Board (SEBI) has banned Synoptics Technologies in a major move highlighting regulatory vigilance over financial misconduct. The ban follows allegations of improper utilization of funds raised during the company's Initial Public Offering (IPO). The situation casts a shadow over the tech startup's future and underscores the consequences of financial mismanagement under SEBI's watchful eye.