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 : 03-JUL-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.

COMPANIES: VIOLATED LISTING AGREEMENT

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

20 MICRONS LTD.

DID NOT MAKE CORRECT DISCLOSURE OF SHARES HELD UNDER PROMOTER CATEGORY TO STOCK EXCHANGES VIOLATING SECTION 21 OF SCRA, 1956 READ WITH CLAUSE 35 OF LISTING AGREEMENT

IMPOSED PENALTY RS.2,00,000

14-FEB-2018

SAT: SAT VIDE ITS ORDER DATED 18/12/2023 DISMISSED THE APPEAL

AADHAAR VENTURES INDIA LTD.

(CIN:L67120GJ1995PLC024449
PAN:AABCP4155F)

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JILS RAICHAND MADAN

PAN:AGKPM3175A

SOMABHAI SUNDERBHAI MEENA

PAN:BFYPM1247K

DID NOT MAKE DISCLOSURE IMMEDIATELY TO STOCK EXCHANGES ON THE EVENTS/INFORMATION WHICH HAD A BEARING ON THE PERFORMANCE/OPERATIONS OF THE COMPANY AS WELL AS PRICE SENSITIVE INFORMATION VIOLATING CLAUSE 36 OF ERSTWHILE LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

IMPOSED PENALTY RS.10,00,000

29-AUG-2022

SEBI VIDE ITS NOTICE DATED 31/01/2024 DIRECTED TO PAY RS.5,91,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

AADHAAR VENTURES INDIA LTD.

(CIN:L67120GJ1995PLC024449
PAN:AABCP4155F)

SOMABHAI SUNDERBHAI MEENA

PAN:BFYPM1247K

IMPOSED PENALTY RS.10,00,000

29-AUG-2022

SEBI VIDE ITS NOTICE DATED 31/01/2024 DIRECTED TO PAY RS.5,91,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

AASHI INDUSTRIES LTD.

DHAVAL A.JHAVERI

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 20-JUN-2000 TO 19-JUN-2005

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 20-JUN-2000 TO 19-JUN-2005

20-JUN-2000

AASHI INDUSTRIES LTD.

JAYESH R.MOR

SEEMA D.JHAVERI

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 04-OCT-2000 TO 03-OCT-2005

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 04-OCT-2000 TO 03-OCT-2005

04-OCT-2000

ABG SHIPYARD LTD.

(PAN:AACCA2731P)

ARUN PATHAK

PAN:AAHPP6384P

DHANANJAY DATAR

PAN:AAGPD0957K

SYED ABDI

PAN:AIKPA0714H

MISLEAD STAKEHOLDER BY PUBLISHING FALSE AND MIS-STATED FINANCIAL RESULTS DURING FY.2008-14 VIOLATING CLAUSE 49(II) (C) TO (E) READ WITH CALUSES 41 AND 50 EQUITY LISTING AGREEMENT IN MATTER OF ABG SHIPYARD LTD.

WRONGLY CERTIFIED FINANCIAL STATEMENTS VIOLATING CLAUSE 49(II) (C) TO (E) READ WITH CALUSES 41 AND 50 EQUITY LISTING AGREEMENT IN MATTER OF ABG SHIPYARD LTD.

IMPOSED PENALTY RS.3,00,000

27-DEC-2019

ABL BIOTECHNOLOGIES LTD.

(CIN:L52599TN1992PLC022340
PAN:AAACA5463G)

KOLLENMARETH OOMMAN ISAAC

DIN:01421392
PAN:AAAPI2428J

DELAY IN MAKING DISCLOSURE TO STOCK EXCHANGES OUTCOMES OF BOARD MEETINGS DATED 01/03/2018 AND 20/06/2018 REGARDING APPROVAL OF THE PROPOSAL FOR RAISING FINANCIAL RESOURCES BY WAY OF GDR AND ALLOTMENT OF GDRS VIOLATING CLAUSES 36(7) AND 50 OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

DID NOT MAKE DISCLOSURE OF ARRANGEMENT FOR SUBSCRIPTION OF GDRS AND SUBSEQUENT DELISTING OF GDRS ON LUXEMBOURG STOCK EXCHANGE VIOLATING CLAUSES 36(7) AND 50 OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956

DEVISED MANIPULATIVE AND DECEPTIVE SCHEME TO ENSURE SUBSCRIPTION OF GDRS WITHOUT ANY CONSIDERATION IN THE MATTER OF ABL BIOTECHNOLOGIES LTD.

IMPOSED PENALTY RS.50,00,000

23-APR-2018

ACCLAIM INDUSTRIES LTD.

(CIN:L74950MH1991PLC068270
PAN:AAACM7494B)

DID NOT MAKE DISCLOSURE TO BSE REGARDING THE DECISION OF BOARD OF DIRECTORS AT THEIR MEETING THAT COMPANY IS NOT GOING TO MERGE WITH DATABASE SOFTWARE TECHNOLOGY PVT.LTD. VIOLATING SECTION 21 OF SCRA, 1956 READ WITH CLAUSE 36(7)(II) OF EQUITY LISTING AGREEMENT

IMPOSED PENALTY RS.2,00,000

29-JUN-2018

SEBI VIDE ITS ORDER DATED 19/12/2023 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED

ACIL COTTON INDUSTRIES LTD.

(CIN:L99999GJ1994PLC022000
PAN:AABCA7788F)

MISUSED NAMES OF CHARTERED ACCOUNTANTS AS STATUTORY AUDITORS IN FINANCIAL STATEMENTS AND FILED FRAUDULENT AUDIT REPORTS AND DID NOT SUBMIT TRUE AND FAIR AUDITED FINANCIAL STATEMENTS TO STOCK EXCHANGES VIOLATING SECTION 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(D), 4(2)(F) AND 4(2)(K) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ACIL COTTON INDUSTRIES LTD., UNIVERSAL CREDIT & SECURITIES LTD., MINDVISION CAPITAL LTD. AND RFL INTERNATIONAL LTD.

MISUSED NAMES OF CHARTERED ACCOUNTANTS AS STATUTORY AUDITORS IN FINANCIAL STATEMENTS AND FILED FRAUDULENT AUDIT REPORTS AND DID NOT SUBMIT TRUE AND FAIR AUDITED FINANCIAL STATEMENTS TO STOCK EXCHANGES VIOLATING REGULATION 4(1)(B), (C), (G), (J), 33(1)(D), 33(3)(D), (E), 34(2)(A) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF ACIL COTTON INDUSTRIES LTD., UNIVERSAL CREDIT & SECURITIES LTD., MINDVISION CAPITAL LTD. AND RFL INTERNATIONAL LTD.

MISUSED NAMES OF CHARTERED ACCOUNTANTS AS STATUTORY AUDITORS IN FINANCIAL STATEMENTS AND FILED FRAUDULENT AUDIT REPORTS AND DID NOT SUBMIT TRUE AND FAIR AUDITED FINANCIAL STATEMENTS TO STOCK EXCHANGES VIOLATING CLAUSE 41(I)(D)(IV), AND (V) OF LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF ACIL COTTON INDUSTRIES LTD., UNIVERSAL CREDIT & SECURITIES LTD., MINDVISION CAPITAL LTD. AND RFL INTERNATIONAL LTD.

IMPOSED PENALTY RS.11,00,000

21-OCT-2022

SEBI VIDE ITS NOTICE DATED 26/10/2023 DIRECTED TO PAY RS.12,44,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 16/04/2025 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED

ACME SPINNERS LTD.

K.S.S.KUMAR

M.CHAKKAR RAO

DID NOT ADHERE TO LISTING AGREEMENT

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 17-DEC-1999 TO 16-DEC-2004

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 17-DEC-1999 TO 16-DEC-2004

17-DEC-1999

ACROPETAL TECHNOLOGIES LTD.

(CIN:L72900KA2001PLC028944
PAN:AADCA1623M)

RAVI KUMAR DORAISWAMY

PAN:ACNPK9304L
DIN:01557904

MADE WRONG DISCLOSURE TO STOCK EXCHANGES ABOUT UTILIZATION OF IPO PROCEEDS VIOLATING CLAUSES 43 AND 43A(1) OF LISTING AGREEMENT

IMPOSED PENALTY RS.2,00,000

31-MAR-2022

SEBI VIDE ITS NOTICE DATED 18/08/2022 DIRECTED TO PAY RS.2,11,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS NOTICE DATED 06/01/2023 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED

ACROPETAL TECHNOLOGIES LTD.

(CIN:L72900KA2001PLC028944
PAN:AADCA1623M)

RAVI KUMAR DORAISWAMY

PAN:ACNPK9304L
DIN:01557904

MADE WRONG DISCLOSURE TO STOCK EXCHANGES ABOUT UTILIZATION OF IPO PROCEEDS VIOLATING CLAUSES 43 AND 43A(1) OF LISTING AGREEMENT

IMPOSED PENALTY RS.2,00,000

31-MAR-2022

AD ADVERTISING PVT.LTD.

(CIN:U74300DL2011PTC216280
PAN:AAJCA3551C)

INDULGED IN DIVERSION OF FUNDS OF RS.2315.09 CRORES (APPROX.) FROM RELIGARE FINVEST LTD. TO PROMOTERS AND THEIR RELATED ENTITIES VIOLATING SECTIONS 12A(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) & 4(1), 4(2)(F) AND 4(2) (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIGARE ENTERPRISES LTD.

DID NOT MAKE DISCLOSURE OF FUNDS ROUTED BY RELIGARE FINVEST LTD. THROUGH UNRELATED ENTITIES TO PROMOTERS AND PROMOTERS GROUP ENTITIES VIOLATING CLAUSE 32 OF LISTING AGREEMENT IN MATTER OF RELIGARE ENTERPRISES LTD.

MISREPRESENTATED FINANCIAL POSITION BY ROLLING OVER THE LOANS VIOLATING REGULATIONS 4(1)(B), (C), 30(1) AND 51(1) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.

DIRECTED NOT TO DIVERT ANY FUNDS EXCEPT TO MEET EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS WITHOUT PRIOR PERMISSION OF SEBI

14-MAR-2019

SEBI VIDE ITS ORDER DATED 11/09/2019 DIRECTED NOT TO DISPOSED OFF OR ALIENATE ANY OF THEIR ASSETS OR DIVERT ANY FUNDS, EXCEPT TO MEET EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS WITHOUT PRIOR PERMISSION OF SEBI TILL COMPLETION OF INVESTIGATION AND FURTHER ORDERS

SEBI VIDE ITS ORDER DATED 12/11/2020 REVOKED ITS DIRECTIONS ISSUED VIDE INTERIM ORDER DATED 14/03/2019 READ WITH CORRIGENDUM ORDER DATED 18/04/2019

ADAM COMSOF LTD.

VIOLATED SEBI (CENTRAL LISTING AUTHORITY) REGULATIONS, 2003

IMPOSED PENALTY RS.25,000

22-MAR-2005

ADINATH BIO-LABS LTD.

(PAN:AAECA5539M
CIN:L24230WB1982PLC034492)

DID NOT FURNISH FINANCIAL RESULTS INCLUDING CASH FLOW STATEMENTS, BALANCE SHEET AND PROFIT & LOSS ACCOUNT TO STOCK EXCHANGE

SECURITIES UNDER INVESTIGATION

SUSPENDED TRADING ON ALL STOCK EXCHANGES FROM 30-NOV-2005 TILL FURTHER ORDERS

30-NOV-2005

INTERIM ORDER DATED 30/11/2005 STANDS VACATED

ADITHYA ALKALOIDS LTD.

EUGENE HEIM

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS