OD-3 ORDER SHEET APO/4/2026 IA NO: GA/1/2026, GA/2/2026 IN THE HIGH COURT AT CALCUTTA Civil Appellate Jurisdiction ORIGINAL SIDE DALMIA SECURITIES PRIVATE LIMITED VS CALCUTTA STOCK EXCHANGE LIMITED AND ANR BEFORE:

The Hon’ble JUSTICE ARIJIT BANERJEE AND The Hon’ble JUSTICE APURBA SINHA RAY Date : February 18, 2026.

Appearance:

Mr. S. N. Mookherjee, Sr. Adv. Mr. Ratnanko Banerji, Sr. Adv.

Mr. Shaunak Mitra Adv.

Ms. Nandini Khaitan, Adv.

Mr. Pratik Shanu, Adv.

Mr. Mehul Bachhawat, Adv.

Mr. Naman Chowdhury, Adv.

..for the appellant Mr. Anirban Ray, Sr. Adv. Mr. Jayan Sengupta, Adv.

Mr. Uttam Kumar Mandal, Adv.

Ms. Udita Mandal, Adv.

…for the respondent no.1 The Calcutta Stock Exchange Ltd.

Mr. Prasanta Kumar Dutta, Adv.

Mr. Susanta Kumar Dutt, Adv. Mr. Syamantak Banerjee, Adv.

…for SEBI Dictated by Arijit Banerjee, J.

The Court: This appeal is directed against a judgment and order dated January 9, 2026, whereby the appellant’s writ petition being WPO No.305 of 2022 was disposed of by a Learned Judge of this Court along with IA No. GA/1/2022 being an application filed by the appellant/writ petitioner in the writ petition.

The material facts of the case appear to be that the appellant/writ petitioner is