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: ALLOWED WRONG UTILIZATION OF ISSUE PROCEEDS

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

ADHUNIK FINANCE PVT.LTD.

(PAN:AACCA3263G)

(Along with : ATLANTA LTD.)

Click here to view complete history of this specific entity/person

SADHANA DILIP NABERA

INDULGED IN CREATION OF ARTIFICIAL MARKET IN SCRIP OF ATLANTA LTD.

DID NOT MAKE DISCLOSURE OF ACQUISITION OF 7.5% HOLDING OF ATLANTA LTD.

MADE MISLEADING STATEMENTS/ANNOUNCEMENTS WITH AN INTENSION TO DECEIVE INVESTORS

EMPLOYED DIFFERENT REVENUE RECOGNITION METHOD OF DIFFERENT PROJECTS IN ORDER TO SHOW HIGHER REVENUE

DECEIVED SHAREHOLDERS IN ORDER TO HIKE OWN SHAREHOLDING IN COMPANY AT A LOW PRICE COMPARED WITH MARKET PRICE WITHOUT MAKING PAYMENT FROM THEIR OWN FUNDS IN PREFERENTIAL ISSUE

MISAPPROPRIATED FUNDS RECEIVED FROM IPO

MISUSED EMPLOYEE�S QUOTA UNDER IPO

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 22-FEB-2007 TILL FURTHER ORDERS

DIRECTED STOCK EXCHANGES NOT TO APPROVE LISTING OF CONVERTIBLE WARRANTS AND SHARES ISSUED ON CONVERSION

DIRECTED DEPOSITORIES NOT TO DEMATERIALIZE CONVERTIBLE WARRANTS AND SHARES ISSUED UPON CONVERSION AND NOT TO GIVE EFFECT TO STOCK SPLIT FROM 22-FEB-2007 TILL FURTHER ORDERS

DIRECTED DEPOSITORIES NOT TO GIVE EFFECT TO ANY TRANSFER OF SHARES

22-FEB-2007

AMBALAL P.BAROT (HUF)

(Along with : ATLANTA LTD.)

AD INTERIM ORDER DATED 22/02/2007 AMENDED TO THE EXTENT THAT CREDIT OF SHARES MAY BE EFFECTED, EXCHANGES AND DEPOSITORIES DIRECTED TO NOTE AND GIVE EFFECT TO THE SAME

SAT: DIRECTED APPLICANT TO APPROACH SEBI TO ALLOW THEM TO FILE THEIR OBJECTION, AS THEY CAN NOT AFFORD A PERSONAL HEARING

ATLANTA LTD.

(Along with : ADHUNIK FINANCE PVT.LTD.,
AMBALAL P.BAROT (HUF),
EDEN REALTY PVT.LTD.,
ELLIS EQUITY ADVISORS PVT.LTD.,
EMERGING CAPITAL ADVISORS LTD.,
HEM-KANAK MERCANTILE PVT.LTD.,
HIM REALTY PVT.LTD.,
MAYROSE CAPFIN PVT.LTD.,
NEOL EQUITY RESEARCH PVT.LTD.,
RAJENDRA A.BAROT (HUF),
SAMRADHA FINSTOCK PVT.LTD.,
SPARKLINE MERCANTILE CO.PVT.LTD.,
SPOT LIGHT SECURITIES PVT.LTD.,
STRATEGIC RESEARCH INTELLIGENCE LTD.,
WINSTAR E-COM PVT.LTD.)

BHAVANA R.BBAROT

DILIP NABERA

JAY THAKURAL

KISHORE THAKURAL

MANISH MARWAH

MITUL M.DOSHI

MUKUND C.DOSHI

PRAKASH J.MODI

RAJHOO BBAROT

RIDHIMA M.DOSHI

RIKIN R.BBAROT

SADHANA DILIP NABERA

SHADILAL CHOPRA

PAN:AAAPC6067F

SMITA M.DOSHI

VIKRAMKUMAR DEVICHAND JAIN

DIRECTED NOT TO ISSUE ANY EQUITY SHARES OR ANY INSTRUMENT CONVERTIBLE INTO EQUITY SHARES OR ALTER ITS CAPITAL STRUCTURE IN ANY MANNER FROM 22-FEB-2007 TILL FURTHER ORDERS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 22-FEB-2007 TILL FURTHER ORDERS

DIRECTED STOCK EXCHANGES NOT TO APPROVE LISTING OF CONVERTIBLE WARRANTS AND SHARES ISSUED ON CONVERSION

DIRECTED DEPOSITORIES NOT TO DEMATERIALIZE CONVERTIBLE WARRANTS AND SHARES ISSUED UPON CONVERSION AND NOT TO GIVE EFFECT TO STOCK SPLIT FROM 22-FEB-2007 TILL FURTHER ORDERS

DIRECTED DEPOSITORIES NOT TO GIVE EFFECT TO ANY TRANSFER OF SHARES

22-FEB-2007

AD-INTERIM ORDER DATED 22/02/2007 AMENDED TO THE EXTENT THAT THE COMPANY MAY GO AHEAD WITH ANY RESTRUCTURING OF ITS CAPITAL.EXCHANGES AND DEPOSITORIES ARE DIRECTED TO NOTE AND GIVE EFFECT TO THESE

AD INTERIM ORDER DATED 22/02/2007 AMENDED TO THE EXTENT THAT THE COMPANY MAY GO AHEAD WITH ANY RESTRUCTURING OF ITS CAPITAL.EXCHANGES AND DEPOSITORIES ARE DIRECTED TO NOTE AND GIVE EFFECT TO THESE

BHAVANA R.BBAROT

DILIP NABERA

JAY THAKURAL

KISHORE THAKURAL

MANISH MARWAH

MITUL M.DOSHI

MUKUND C.DOSHI

PRAKASH J.MODI

RAJHOO BBAROT

RIDHIMA M.DOSHI

RIKIN R.BBAROT

SADHANA DILIP NABERA

SHADILAL CHOPRA

PAN:AAAPC6067F

SMITA M.DOSHI

VIKRAMKUMAR DEVICHAND JAIN

AD INTERIM ORDER DATED 22/02/2007 AMENDED TO THE EXTENT THAT THE COMPANY MAY GO AHEAD WITH ANY RESTRUCTURING OF ITS CAPITAL.EXCHANGES AND DEPOSITORIES ARE DIRECTED TO NOTE AND GIVE EFFECT TO THESE

SAT: APPEAL DISPOSED OFF, WITH DIRECTION TO SEBI TO PASS FINAL ORDER ON OR BEFORE 22/09/2008 TILL SUCH TIME DIRECTIONS ISSUED BY IMPUGNED ORDER WILL CONTINUE TO OPERATE WITH NO ORDER AS TO COSTS

BHAVANA R.BBAROT

DILIP NABERA

JAY THAKURAL

KISHORE THAKURAL

MANISH MARWAH

MITUL M.DOSHI

MUKUND C.DOSHI

PRAKASH J.MODI

RAJHOO BBAROT

RIDHIMA M.DOSHI

RIKIN R.BBAROT

SADHANA DILIP NABERA

SHADILAL CHOPRA

PAN:AAAPC6067F

SMITA M.DOSHI

VIKRAMKUMAR DEVICHAND JAIN

BHAVANA R.BBAROT

DILIP NABERA

JAY THAKURAL

KISHORE THAKURAL

MANISH MARWAH

MITUL M.DOSHI

MUKUND C.DOSHI

PRAKASH J.MODI

RAJHOO BBAROT

RIDHIMA M.DOSHI

RIKIN R.BBAROT

SADHANA DILIP NABERA

SHADILAL CHOPRA

PAN:AAAPC6067F

SMITA M.DOSHI

VIKRAMKUMAR DEVICHAND JAIN

BHAVANA R.BBAROT

DILIP NABERA

JAY THAKURAL

KISHORE THAKURAL

MANISH MARWAH

MITUL M.DOSHI

MUKUND C.DOSHI

PRAKASH J.MODI

RAJHOO BBAROT

RIDHIMA M.DOSHI

RIKIN R.BBAROT

SADHANA DILIP NABERA

SHADILAL CHOPRA

PAN:AAAPC6067F

SMITA M.DOSHI

VIKRAMKUMAR DEVICHAND JAIN

ATLANTA LTD.

SACHIN JAIN

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 30-SEP-2008 TO 29-SEP-2009

DIRECTED STOCK EXCHANGES NOT TO APPROVE LISTING OF CONVERTIBLE WARRANTS AND SHARES ISSUED ON CONVERSION

DIRECTED DEPOSITORIES NOT TO DEMATERIALIZE CONVERTIBLE WARRANTS AND SHARES ISSUED UPON CONVERSION AND NOT TO GIVE EFFECT TO STOCK SPLIT FROM 30-SEP-2008 TO 29-SEP-2009

DIRECTED DEPOSITORIES NOT TO GIVE EFFECT TO ANY TRANSFER OF SHARES

22-FEB-2007

SETTLEMENT ( SETTLEMENT CHARGES RS.50,000 VIDE CONSENT ORDER)

REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY NOT TO BUY/SELL/ DEAL IN SECURITIES/ SPECIFIED SCRIPS DIRECTLY/INDIRECTLY) FROM 30-SEP-2008 TO 29-SEP-2009

30-SEP-2008~

AD-INTERIM ORDER DATED 22/02/2007 AMENDED TO THE EXTENT THAT THE COMPANY MAY GO AHEAD WITH ANY RESTRUCTURING OF ITS CAPITAL.EXCHANGES AND DEPOSITORIES ARE DIRECTED TO NOTE AND GIVE EFFECT TO THESE

SAT: APPEAL DISPOSED OFF, WITH DIRECTION TO SEBI TO PASS FINAL ORDER ON OR BEFORE 22/09/2008 TILL SUCH TIME DIRECTIONS ISSUED BY IMPUGNED ORDER WILL CONTINUE TO OPERATE WITH NO ORDER AS TO COSTS

ATLANTA THAKURAL CONSTRUCTIONS

JAY THAKURAL

KISHORE THAKURAL

SAT: APPEAL DISPOSED OFF, WITH DIRECTION TO SEBI TO PASS FINAL ORDER ON OR BEFORE 22/09/2008 TILL SUCH TIME DIRECTIONS ISSUED BY IMPUGNED ORDER WILL CONTINUE TO OPERATE WITH NO ORDER AS TO COSTS

B M D EXPORTS PVT.LTD.

(CIN:U51100GJ2004PTC045212
PAN:AACCB5249H)

JITENDRABHAI RAMANBHAI PATEL

PAN:BENPP0217E

MADHAVLAL BECHARDAS PATEL

PAN:ABOPP5995Q

DID NOT MAKE PROPER DISCLOSURE AND MADE MIS-STATEMENTS OF RELATED PARTIES IN PROSPECTUS

UTILIZED IPO PROCEEDS TO FUND CLIENTS WHO HAD INCURRED LOSSES IN IPO OF RDB RASAYANS LTD.

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-DEC-2011 TILL FURTHER ORDERS

DIRECTED BSE, NSE, NSDL AND CDSL TO ENSURE THAT DIRECTIONS ISSUED VIDE ORDER ARE STRICTLY ENFORCE

DIRECTED BSE AND NSE TO PERMIT MEMBERS TO SQUARE OFF THEIR EXISTING OPEN POSITIONS IF ANY, IN F&O SEGMENT AND ENSURE THAT NO FRESH POSITIONS ARE CREATED

28-DEC-2011

SEBI VIDE ITS ORDER DATED 08/10/2012 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS EX-PARTE AD INTERIM ORDER DATED 28/12/2011

BHARATIYA GLOBAL INFOMEDIA LTD.

(CIN:L74999DL1994PLC062967
PAN:AABCB8175B)

RAJEEV KUMAR AGARWAL

PAN:AGGPA0436L

RAKESH BHATIA

PAN:AHYPB7406Q

SANJEEV KUMAR MITTAL

PAN:AIVPM0122A

MIS-UTILIZED/DIVERTED IPO PROCEEDS OF RS.23.46 CRORE FOR THE PURPOSES AND/OR IN MANNER OTHER THAN THOSE DISCLOSED IN RHP/PROSPECTUS IN MATTER OF BHARATIYA GLOBAL INFOMEDIA LTD.

MIS-UTILIZED/DIVERTED IPO PROCEEDS OF RS.12.50 CRORE IN GRAB OF ICD INVESTMENTS IN THREE COMPANIES IN MATTER OF BHARATIYA GLOBAL INFOMEDIA LTD.

MIS-UTILIZED/DIVERTED IPO PROCEEDS BY MAKING PAYMENTS TO PROMOTER/PROMOTER RELATED ENTITIES WITHOUT MAKING ANY DISCLOSURE IN RHP/PROSPECTUS IN MATTER OF BHARATIYA GLOBAL INFOMEDIA LTD.

MISUTILIZED/DIVERTED IPO PROCEEDS BY TRANSFERRING FUNDS TO TRADERS WHO INDULGED IN SYNCHRONIZED AND ARTIFICIAL TRADING ON THE DAY OF LISTING OF SHARES IN MATTER OF BHARATIYA GLOBAL INFOMEDIA LTD.

DID NOT PROVIDE INFORMATION RELATING TO ICD LOANS TAKEN PRIOR TO FILING OF RHP AND REPAID THE SAME WITHOUT MAKING ANY DISCLOSURE IN RHP/PROSPECTUS IN MATTER OF BHARATIYA GLOBAL INFOMEDIA LTD.

DID NOT PROVIDE CORRECT INFORMATION OF TRANSACTIONS ENTERED INTO WITH VENDORS WHICH WERE PRE DECIDED IN MATTER OF BHARATIYA GLOBAL INFOMEDIA LTD.

DID NOT PROVIDE CORRECT DISCLOSURES RELATED TO PERCENTAGE OF PURCHASE ORDER PLACED IN MATTER OF BHARATIYA GLOBAL INFOMEDIA LTD.

DID NOT PROVIDE INFORMATION OF RELATED PARTY TRANSACTIONS WITH GADEO IN MATTER OF BHARATIYA GLOBAL INFOMEDIA LTD.

DID NOT CALL BACK RS.11.15 CRORE OUT OF PURPORTED ICD INVESTMENTS OF RS.12.50 CRORE AS DIRECTED VIDE SEBI ORDER DATED 28/12/2011 IN MATTER OF BHARATIYA GLOBAL INFOMEDIA LTD.

DISOBEYED SEBI�S ORDER BY NOT DEPOSITING UNUTILIZED IPO PROCEEDS AND ICD INVESTMENTS RECOVERED IN INTEREST BEARING ESCROW ACCOUNT AND MIS-UTILIZED AMOUNT SO RECOVERED IN GRAB OF WORKING CAPITAL REQUIREMENTS IN MATTER OF BHARATIYA GLOBAL INFOMEDIA LTD.

MISLED SEBI BY PROVIDING THREE DIFFERENT VERSIONS OF ICD, LOANS AND INVESTMENTS IN MATTER OF BHARATIYA GLOBAL INFOMEDIA LTD.

DIRECTED TO ENSURE COMPLIANCE OF DIRECTIONS OF CALL BACK OF RS.23.46 CRORES AND RS.11.15 CRORES

DIRECTED TO FURNISH COMPLIANCE REPORT TO SEBI DULY CERTIFIED BY INDEPENDENT SEBI REGISTERED MERCHANT BANKER WITHIN TWO WEEKS OF THE DATE OF COMPLIANCE

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 08-AUG-2014 TO 07-AUG-2019

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 08-AUG-2014 TO 07-AUG-2019

08-AUG-2014

SAT: APPEAL ALLOWED TO BE WITHDRAWN WITH LIBERTY TO FILE FRESH APPEAL WITHIN A PERIOD OF TWO WEEKS FROM THE DATE OF THIS ORDER I.E. 18/09/2014

SAT: SAT VIDE ITS ORDER DATED 08/09/2016 PERMITTED APPELLANTS TO WITHDRAW THE APPEAL WITH LIBERTY TO FILE FRESH APPEAL ON OR BEFORE 18/11/2016 AS REQUESTED BY THE COUNSEL FOR APPELLANTS. NO COSTS

BHARATIYA GLOBAL INFOMEDIA LTD.

(CIN:L74999DL1994PLC062967
PAN:AABCB8175B)

ANIL KAPOOR

ARTI BHATIA

PAN:AFCPB5056J

HARJEET ANAND

DIN:03168663
PAN:AABPA2410K

JAYA MISHRA

PAN:AAJPM6407E

RAJEEV KUMAR AGARWAL

PAN:AGGPA0436L

RAKESH BHATIA

PAN:AHYPB7406Q

SANJAY KAPOOR

PAN:AIXPK2530Q

SANJEEV KUMAR MITTAL

PAN:AIVPM0122A

MISUTILIZED ISSUE PROCEEDS

PROHIBITED FROM RAISING ANY FURTHER CAPITAL IN ANY MANNER, DIRECTLY OR INDIRECTLY FROM 28-DEC-2011 TILL FURTHER ORDERS

DIRECTED COMPANY TO CALL BACK ICDS AND/OR OTHER AMOUNTS AND DEPOSIT THE SAME IN AN INTEREST BEARING ESCROW ACCOUNT

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-DEC-2011 TILL FURTHER ORDERS

DIRECTED BSE, NSE, NSDL AND CDSL TO ENSURE THAT DIRECTIONS ISSUED VIDE ORDER ARE STRICTLY ENFORCE

DIRECTED BSE AND NSE TO PERMIT MEMBERS TO SQUARE OFF THEIR EXISTING OPEN POSITIONS IF ANY, IN F&O SEGMENT AND ENSURE THAT NO FRESH POSITIONS ARE CREATED

28-DEC-2011

SEBI VIDE ITS ORDER DATED 05/10/2012 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS EX-PARTE AD INTERIM ORDER DATED 28/12/2011

BHARATIYA GLOBAL INFOMEDIA LTD.

(CIN:L74999DL1994PLC062967
PAN:AABCB8175B)

DIRECTED TO CALL BACK RS.23.46 CRORES AND RS.11.15 CRORES MIS-UTILIZED / DIVERTED

DIRECTED TO UTILIZE FUNDS RAISED IN IPO FOR THE PURPOSES DISCLOSED IN PROSPECTUS DATED JULY 16, 2011

08-AUG-2014

BHARATIYA GLOBAL INFOMEDIA LTD.

(CIN:L74999DL1994PLC062967
PAN:AABCB8175B)

RAJEEV KUMAR AGARWAL

PAN:AGGPA0436L

RAKESH BHATIA

PAN:AHYPB7406Q

SANJEEV KUMAR MITTAL

PAN:AIVPM0122A

DID NOT MAKE PROPER DISCLOSURE AND MADE MIS-STATEMENTS OF RELATED PARTIES IN PROSPECTUS

MISUTILIZED ISSUE PROCEEDS

IMPOSED PENALTY RS.6,00,00,000

17-APR-2014

SAT: APPEAL DISMISSED. NO COSTS

SEBI VIDE ITS NOTICE DATED 31/12/2019 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL AND/OR MUTUAL FUNDS TO 1. ATTACH ALL THE ACCOUNTS (INCLUDING MUTUAL FUNDS) BY WHATEVER NAME CALLED INCLUDING LOCKERS 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

BROOKS LABORATORIES LTD.

(PAN:AACCB5316P)

ATUL RANCHAL

PAN:ADMPR5359L

DURGA SHANKAR MAITY

PAN:AHNPM4221B

KETAN SHAH

PAN:BIUPS7078D

LALIT MAHAJAN

PAN:ABQPM1176L

MONIKA SABHARWAL

PAN:ALZPS2887D

PARVINDER KAUR

PAN:BNQPK5210E

RAJESH MAHAJAN

PAN:AFGPM8060D

VIVEK SHARMA

PAN:ABFPS9096N

MISUTILIZED ISSUE PROCEEDS

PROHIBITED FROM RAISING ANY FURTHER CAPITAL IN ANY MANNER, DIRECTLY OR INDIRECTLY FROM 28-DEC-2011 TILL FURTHER ORDERS

DIRECTED COMPANY TO CALL BACK ICDS AND/OR OTHER AMOUNTS AND DEPOSIT THE SAME IN AN INTEREST BEARING ESCROW ACCOUNT

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 28-DEC-2011 TILL FURTHER ORDERS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-DEC-2011 TILL FURTHER ORDERS

DIRECTED BSE, NSE, NSDL AND CDSL TO ENSURE THAT DIRECTIONS ISSUED VIDE ORDER ARE STRICTLY ENFORCE

DIRECTED BSE AND NSE TO PERMIT MEMBERS TO SQUARE OFF THEIR EXISTING OPEN POSITIONS IF ANY, IN F&O SEGMENT AND ENSURE THAT NO FRESH POSITIONS ARE CREATED

28-DEC-2011

SEBI VIDE ITS ORDER DATED 09/07/2013 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 28/12/2011 TILL FURTHER ORDERS FROM SEBI

SAT: SAT VIDE ITS ORDER DATED 01/03/2017 DISPOSED OFF THE APPEAL, AS THE SAME HAS BECOME INFRUCTUOUS. NO COSTS

EDEN REALTY PVT.LTD.

(Along with : ATLANTA LTD.)

ELLIS EQUITY ADVISORS PVT.LTD.

(Along with : ATLANTA LTD.)

ELTROL LTD.

(PAN:AABCE0969L)

DEEPAK RATHOD

NIRAJ SANGHVI

PAN:ABVPS5896C

SANJAY G.TRIPATHI

MADE FALSE REPRESENTATION THROUGH CORPORATE ANNOUNCEMENTS TO MISLEAD/INDUCE INVESTORS

DID NOT SUBMIT SEGMENT-WISE REPORT OF OPERATIONS OF COMPANY TO STOCK EXCHANGE

INVOLVED IN STOCK MARKET TRANSACTIONS AT NSE AS A TRADING CLIENT WITHOUT BEING LISTED ON NSE

USED PROCEEDS OF PREFERENTIAL ALLOTMENT FOR STOCK MARKET TRANSACTIONS WHICH WERE NOT RELATED TO CORE BUSINESS ACTIVITIES OF COMPANY

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 15-JUL-2010 TO 14-JAN-2011

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 15-JUL-2010 TO 14-JAN-2011

DIRECTED NOT TO ISSUE ANY EQUITY SHARES OR ANY INSTRUMENT CONVERTIBLE INTO EQUITY SHARES OR ALTER ITS CAPITAL STRUCTURE IN ANY MANNER FROM 15-JUL-2010 TO 14-JAN-2011

DIRECTED BSE AND NSE TO PERMIT MEMBERS TO SQUARE OFF THEIR EXISTING OPEN POSITIONS IF ANY, IN F&O SEGMENT AND ENSURE THAT NO FRESH POSITIONS ARE CREATED

05-OCT-2005

DIRECTED TO BE RESTRAINED FROM BUYING, SELLING OR DEALING IN SECURITIES AND FROM ASSOCIATING IN SECURITIES MARKET IN ANY MANNER WHATSOEVER FOR A PERIOD OF SIX MONTHS FROM THE DATE OF THIS ORDER

ELTROL LTD.

(PAN:AABCE0969L)

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 05-OCT-2005 TO 04-OCT-2010

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-OCT-2005 TO 04-OCT-2010

DIRECTED NOT TO ISSUE ANY EQUITY SHARES OR ANY INSTRUMENT CONVERTIBLE INTO EQUITY SHARES OR ALTER ITS CAPITAL STRUCTURE IN ANY MANNER FROM 05-OCT-2005 TO 04-OCT-2010

DIRECTED BSE AND NSE TO PERMIT MEMBERS TO SQUARE OFF THEIR EXISTING OPEN POSITIONS IF ANY, IN F&O SEGMENT AND ENSURE THAT NO FRESH POSITIONS ARE CREATED

05-OCT-2005

DIRECTED TO BE RESTRAINED FROM BUYING, SELLING OR DEALING IN SECURITIES AND FROM ASSOCIATING IN SECURITIES MARKET IN ANY MANNER WHATSOEVER FOR A PERIOD OF FIVE YEARS FROM THE DATE OF THIS ORDER. HOWEVER PERIOD OF PROHIBITION ALREADY UNDERGONE WILL BE SET OFF

DIRECTION ISSUED VIDE AD-INTERIM EX-PARTE ORDER DATED 05/10/2005 REVOKED VIDE ORDER DATED 28/07/2010

EMERGING CAPITAL ADVISORS LTD.

(Along with : ATLANTA LTD.)