# Sebi settlement collections plunge 86% as SAT overturns more orders

2026-08-06T18:21:25+00:00 | Governance | Indian Opinion Desk

Corroboration: 1 independent outlet

Settlement collections at the Securities and Exchange Board of India (Sebi) crashed 86% to Rs 109.8 crore in FY26 from Rs 798.9 crore the previous year, its annual report shows. The number of settlement applications also fell sharply to 439 from 703. Meanwhile, the Securities Appellate Tribunal (SAT) set aside 47 Sebi orders, more than double the 23 in FY25, and modified 88 orders against 42 earlier. Fresh appeals to SAT declined to 429 from 533, but pending appeals grew to 1,066 from 960 as disposal could not keep pace. Sebi initiated fewer insider trading investigations (221 versus 287) but completed more (202). Adjudication proceedings slowed drastically: only 319 disposal orders covering 640 entities, compared with 962 covering 1,293 entities in FY25.

## Coverage

- livemint.com <https://www.livemint.com/market/stock-market-news/sebi-sees-fewer-sat-appeals-sharp-fall-in-settlement-collections-in-fy26-11786026866820.html>
- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/sat-overturns-more-sebi-orders-in-fy26-modified-orders-also-double/article71318546.ece>

Tags: capital markets, enforcement, SAT, SEBI
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