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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 29-APR-2025

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

PERSONS: DIRECTED TO DISINVEST 1,38,000 SHARES OF TCM LTD.THROUGH SALE TO PARTIES NOT CONNECTED / RELATED TO THEM IN SMALL LOTS IN TRENCHES ON BSE ENSURING THAT SUCH SALE DOES NOT DISTURB THE MARKET EQUILIBRIUM

S.No. PERSON ENTITY REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person GEORGE VARGHESE

(PAN:ABOPV3794R)  
  DID NOT MAKE PUBLIC ANNOUNCEMENT AS REQUIRED UNDER REGULATION 11(1) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF TCM LTD.  DIRECTED TO DISINVEST 1,38,000 SHARES OF TCM LTD.THROUGH SALE TO PARTIES NOT CONNECTED / RELATED TO THEM IN SMALL LOTS IN TRENCHES ON BSE ENSURING THAT SUCH SALE DOES NOT DISTURB THE MARKET EQUILIBRIUM

DIRECTED TO TRANSFER ENTIRE PROCEEDS OF SALE OF SHARE TO INVESTOR PROTECTION AND EDUCATION FUND ESTABLISHED UNDER SEBI (INVESTOR PROTECTION AND EDUCATION FUND) REGULATIONS, 2009

DIRECTED ACQUIRER TO MAKE PUBLIC OFFER

DIRECTED ACQUIRER TO PAY INTEREST FOR LOSS CAUSED TO SHAREHOLDERS

29-MAY-2015 		SAT: SAT VIDE ITS ORDER DATED 23/09/2016 SET ASIDED IMPUGNED ORDER DATED 29/05/2015 AND RESTORED THE MATTER TO FILE OF WTM OF SEBI FOR FRESH DECISION ON MERITS AND IN ACCORDANCE WITH LAW. NO COSTS

SEBI VIDE ITS ORDER DATED 06/10/2017 DIRECTED MR.JOSEPH VARGHESE AND MR.GEORGE VARGHESE TO MAKE A PUBLIC ANNOUNCEMENT TO ACQUIRE SHARES OF THE TARGET COMPANY, TCM LTD. IN ACCORDANCE WITH THE PROVISIONS OF THE TAKEOVER REGULATIONS, 2011, WITHIN A PERIOD OF 45 DAYS FROM THE DATE OF THIS ORDER 2) PAY INTEREST @10% PER ANNUM, FROM THE DATE WHEN THEY INCURRED THE LIABILITY TO MAKE PUBLIC ANNOUNCEMENT TILL THE DATE OF PAYMENT OF CONSIDERATION
2 
History of entity/person JOSEPH VARGHESE

(PAN:ABOPV3793J)  
  DID NOT MAKE PUBLIC ANNOUNCEMENT AS REQUIRED UNDER REGULATION 11(1) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF TCM LTD.  DIRECTED TO DISINVEST 1,38,000 SHARES OF TCM LTD.THROUGH SALE TO PARTIES NOT CONNECTED / RELATED TO THEM IN SMALL LOTS IN TRENCHES ON BSE ENSURING THAT SUCH SALE DOES NOT DISTURB THE MARKET EQUILIBRIUM

DIRECTED TO TRANSFER ENTIRE PROCEEDS OF SALE OF SHARE TO INVESTOR PROTECTION AND EDUCATION FUND ESTABLISHED UNDER SEBI (INVESTOR PROTECTION AND EDUCATION FUND) REGULATIONS, 2009

DIRECTED ACQUIRER TO MAKE PUBLIC OFFER

DIRECTED ACQUIRER TO PAY INTEREST FOR LOSS CAUSED TO SHAREHOLDERS

29-MAY-2015 		SAT: SAT VIDE ITS ORDER DATED 23/09/2016 SET ASIDED IMPUGNED ORDER DATED 29/05/2015 AND RESTORED THE MATTER TO FILE OF WTM OF SEBI FOR FRESH DECISION ON MERITS AND IN ACCORDANCE WITH LAW. NO COSTS

SEBI VIDE ITS ORDER DATED 06/10/2017 DIRECTED MR.JOSEPH VARGHESE AND MR.GEORGE VARGHESE TO MAKE A PUBLIC ANNOUNCEMENT TO ACQUIRE SHARES OF THE TARGET COMPANY, TCM LTD. IN ACCORDANCE WITH THE PROVISIONS OF THE TAKEOVER REGULATIONS, 2011, WITHIN A PERIOD OF 45 DAYS FROM THE DATE OF THIS ORDER 2) PAY INTEREST @10% PER ANNUM, FROM THE DATE WHEN THEY INCURRED THE LIABILITY TO MAKE PUBLIC ANNOUNCEMENT TILL THE DATE OF PAYMENT OF CONSIDERATION
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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