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.

PERSONS: VIOLATED SECURITIES CONTRACTS (REGULATION) ACT, 1956

S.No.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

261

SHAH ARPIT PANKAJKUMAR

(PAN:BGMPS0141K)

TRANSFERRED AND RECEIVED SHARES IN OFF-MARKET TRANSACTIONS WITHOUT ANY PAYMENT/RECEIPT OF CONSIDERATION SAME DAY OR NEXT DAY VIOLATING SECTION 2(I)(A) READ WITH SECTIONS 13, 16 AND 18 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956 IN IPOS OF L&T FINANCE HOLDINGS LTD., TREE HOUSE EDUCATION LTD. AND FUTURE VENTURES INDIA LTD.

IMPOSED PENALTY RS.15,000

31-AUG-2020

SAT: SAT VIDE ITS ORDER DATED 19/07/2021 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY TO RS.15,000.00 FROM RS.25,000.00

SAT: SAT VIDE ITS ORDER DATED 05/10/2021 REJECTED MODIFICATION APPLICATION

262

SHAH SWARA PANKAJKUMAR

(PAN:AYCPS2791Q)

IMPOSED PENALTY RS.15,000

31-AUG-2020

SAT: SAT VIDE ITS ORDER DATED 19/07/2021 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY TO RS.15,000.00 FROM RS.25,000.00

SAT: SAT VIDE ITS ORDER DATED 05/10/2021 REJECTED MODIFICATION APPLICATION

263

SHAHID BALWA USMAN

(PAN:AACPB0311K)

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D B REALTY LTD.

CIN:L70200MH2007PLC166818
PAN:AACCD5174F

DID NOT INCLUDE MATERIAL/RELEVANT INFORMATION IN POSTAL BALLOT NOTICE IN RESPECT OF GUARANTEE AND SECURITY PROVIDED FOR LOAN VIOLATING CLAUSES 49(I)(A)(2)(A), (3)(A) AND (B)(1)(D) OF ERSTWHILE LISTING AGREEMENT READ WITH SECTION 11A(2) OF SEBI ACT, 1992 AND SECTION 21 OF SCRA, 1956 IN MATTER OF DB REALTY LTD. (NOW KNOWN AS VALOR ESTATE LTD.)

MISREPRESENTED BY PROVIDING FALSE AND MISLEADING INFORMATION VIOLATING CLAUSE 49(I)(D)(2)(H) OF ERSTWHILE LISTING AGREEMENT IN MATTER OF DB REALTY LTD. (NOW KNOWN AS VALOR ESTATE LTD.)

PUBLISHED FALSE FINANCIAL STATEMENTS VIOLATING CLAUSES 49(I)(A)(2)(A), (3)(A), (B)(1)(D) AND 49(I)(D)(2)(H) OF SEBI LISTING AGREEMENT READ WITH SECTION 11A(2) OF SEBI ACT, 1992 AND SECTION 21 OF SCRA, 1956 READ WITH SECTION 2(60) OF SEBI COMPANIES ACT, 2013, SECTION 27 OF SEBI ACT, 1992 AND SECTION 24 OF SCRA, 1956 IN MATTER OF DB REALTY LTD. (NOW KNOWN AS VALOR ESTATE LTD.)

DID NOT MAKE DISCLOSURE OF MATERIAL EVENTS/INFORMATION TO STOCK EXCHANGES VIZ., RECEIPT OF NOTICE UNDER SECTION 13(2) OF SARFAESI ACT, 2002 IN MATTER OF DB REALTY LTD. (NOW KNOWN AS VALOR ESTATE LTD.)

FURNISHED FALSE CERTIFICATE WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING CLAUSE 49 OF LISTING AGREEMENT AND REGULATION 17(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF DB REALTY LTD. (NOW KNOWN AS VALOR ESTATE LTD.)

PUBLISHED FALSE FINANCIAL STATEMENTS VIOLATING CLAUSES 49(I)(C)(1)(A), 49(I)(D)(1)(B), (2)(B)(H), 49(IX) AND 50 OF SEBI LISTING AGREEMENT READ WITH SECTION 11A(2) OF SEBI ACT, 1992 AND SECTION 21 OF SCRA, 1956 READ WITH REGULATION 103 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 2(60) OF COMPANIES ACT, 2013, SECTION 27 OF SEBI ACT, 1992 AND SECTION 24 OF SCRA, 1956 IN MATTER OF DB REALTY LTD. (NOW KNOWN AS VALOR ESTATE LTD.)

PUBLISHED FALSE FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E) (I), 4(2)(F)(I)(2),4(2)(F)(II)(2)(6)(7)(8), 4(2)(F)(III)(1)(2)(3)(6) (12), 17(8), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 11A(2) OF SEBI ACT. 1992 AND SECTION 21 OF SCRA, 1956 READ WITH SECTION 2(60) OF SEBI COMPANIES ACT, 2013, SECTION 27 OF SEBI ACT, 1992 AND SECTION 24 OF SCRA, 1956 IN MATTER OF DB REALTY LTD. (NOW KNOWN AS VALOR ESTATE LTD.)

PUBLISHED FALSE FINANCIAL STATEMENTS VIOLATING REGULATIONS 30, 4(1)(D)(E)(F)(G)(H)(I)(J), 4(2)(B),(D)(IV), 4(2)(F)(II)(2)AND (8) OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 11A(2) OF SEBI ACT, 1992 AND SECTION 21 OF SCRA, 1956 READ WITH SECTION 2(60) OF SEBI COMPANIES ACT, 2013, SECTION 27 OF SEBI ACT, 1992 AND SECTION 24 OF SCRA, 1956 IN MATTER OF DB REALTY LTD. (NOW KNOWN AS VALOR ESTATE LTD.)

IMPOSED PENALTY RS.5,00,000

04-FEB-2025

264

SHAM SUNDER GUPTA

(PAN:AISPG6871B)

DMC INTERNATIONAL LTD.

PAN:AACCD5023B

SOLD 4,58,190 SHARES IN OFF-MARKET AND RECEIVED ONLY RS.78,000.00 INSTEAD OF RS 67,43,501.00 VIOLATING SECTION 16 OF SCRA READ WITH SEBI NOTIFICATION NO.G.S.R.219 (E) DATED 02/03/2000 AND SECTIONS 13 AND 18 OF SCRA READ WITH SECTIONS 2(I) OF SCRA ACT, 1956 IN MATTER OF IFL PROMOTERS LTD.

IMPOSED PENALTY RS.5,00,000

15-MAY-2018

SEBI VIDE ITS NOTICE DATED 31/08/2022 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

SEBI VIDE ITS ORDER DATED 06/09/2022 DIRECTED ALL THE BANKS TO REMIT ENTIRE AMOUNT TO THE EXTENT LYING IN THE BANK AND TERM DEPOSIT ACCOUNTS OF MR.SHAM SUNDER GUPTA TO SEBI BY WAY OF EFT/NEFT/RTGS

265

SHEELA ANJAY GUPTA

(PAN:ALHPG9421D)

PANKAJ J.SHAH (HUF)

PAN:AAIHS5790M

PINTU KACHARAJI TELI (HUF)

PAN:AACHT3722L

TRIVEDI VIJAY MAHIPATRAM (HUF)

PAN:AACHT3689L

VANI DILIP SITARAM (HUF)

PAN:AAHHV0378P

VIJAY MANGALDAS SHAH (HUF)

PAN:AAGHV9796J

IMPOSED PENALTY RS.15,000

31-AUG-2020

SAT: SAT VIDE ITS ORDER DATED 19/07/2021 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY TO RS.15,000.00 FROM RS.25,000.00

SAT: SAT VIDE ITS ORDER DATED 05/10/2021 REJECTED MODIFICATION APPLICATION

266

SHILINBEN R.ADANI

RAJESBHAI S.ADANI FAMILY TRUST

VIOLATED SECTION 2 (I) (A) OF SECURITIES CONTRACTS (REGULATION) ACT, 1956

VIOLATED SECTION 16 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956

VIOLATED SECTION 23 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956

VIOLATED SECTION 24 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956

PROSECUTION LAUNCHED

15-MAY-2006

THE OFFENCE WAS COMPOUNDED ON PAYMENT OF RS.30,00,000 BY THE ACCUSED TO SEBI

267

SHITOLE HAMBIRRAO ANANDRAO

(PAN:BGBPS2763L)

ENTERED INTO OFF-MARKET TRANSACTIONS WHICH WERE NOT IN THE NATURE OF SPOT DELIVERY CONTRACTS VIOLATING SECTIONS 13 AND 18 READ WITH SECTION 2(I) OF SECURITIES CONTRACTS (REGULATION) ACT, 1956 IN SCRIP OF INDO PACIFIC SOFTWARE & ENTERTAINMENT LTD.

IMPOSED PENALTY RS.1,00,000

30-MAR-2012

INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI

268

SILAMKOTI ABILASH

(PAN:GWLPS3968A)

KEPLER INFORMATION SYSTEMS PVT.LTD.

PAN:AAECK5818R

ENTERED INTO OFF-MARKET TRANSACTION OF SHARES WITH DELAY OF PAYMENT/RECEIPT OF CONSIDERATION VIOLATING SECTION 16 OF SCRA, 1956 READ WITH SEBI NOTIFICATION LAD-NRO/GN/2013-14/26/6667 DATED 03/10/2013 AND SECTIONS 13 AND 18 OF SCRA, 1956 READ WITH SECTION 2(I) OF SCRA, 1956 IN MATTER OF BODHTREE COSULTING LTD.

DID NOT FURNISH REQUIRED INFORMATION/ DOCUMENTS IN RESPONSE TO SUMMONS ISSUED BY SEBI IN MATTER OF BODHTREE CONSULTING LTD.

IMPOSED PENALTY RS.4,00,000

21-NOV-2024

SEBI VIDE ITS NOTICE DATED 03/07/2025 DIRECTED TO PAY RS.4,37,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

269

SIVA BALAN JAIPAL

(PAN:AKVPJ3453D)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF KALPA COMMERCIAL LTD.

TRANSFERRED AND RECEIVED SHARES IN OFF-MARKET TRANSACTIONS WITHOUT/PARTIAL CONSIDERATION VIOLATING SECTION 16 OF SCRA, 1956 READ WITH SEBI NOTIFICATION NO.G.S.R. 219(E) DATED 03/10/2013 AND SECTIONS 13 AND 18 OF SCRA, 1956 READ WITH SECTION 2(I) OF SEBI SECURITIES CONTRACTS (REGULATION) ACT, 1956 IN MATTER OF KALPA COMMERCIAL LTD.

DID NOT PROVIDE INFORMATION/DOCUMENTS SOUGHT VIDE SUMMON IN MATTER OF KALPA COMMERCIAL LTD.

IMPOSED PENALTY RS.11,00,000

24-NOV-2021

SEBI VIDE ITS NOTICE DATED 26/05/2022 DIRECTED TO PAY A RS.11,78,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS NOTICE DATED 16/06/2022 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

270

SMITABEN BHARATBHAI KHAMBHATI

(PAN:AKAPM2479D)

PANKAJ J.SHAH (HUF)

PAN:AAIHS5790M

PINTU KACHARAJI TELI (HUF)

PAN:AACHT3722L

TRIVEDI VIJAY MAHIPATRAM (HUF)

PAN:AACHT3689L

VANI DILIP SITARAM (HUF)

PAN:AAHHV0378P

VIJAY MANGALDAS SHAH (HUF)

PAN:AAGHV9796J

IMPOSED PENALTY RS.15,000

31-AUG-2020

SAT: SAT VIDE ITS ORDER DATED 19/07/2021 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY TO RS.15,000.00 FROM RS.25,000.00

SAT: SAT VIDE ITS ORDER DATED 05/10/2021 REJECTED MODIFICATION APPLICATION

271

SOAYUBEN H.VORA

EXCELL MULTITECH LTD.

KARVY STOCK BROKING LTD.

PAN:AABCK5190K

(Member : BSE/NSE/HSE)

SEER FINLEASE PVT.LTD.

TAURAS INFOSYS LTD.

ZENET SOFTWARE LTD.

PAN:AAACZ0978K

FILED APPLICATION FOR SUBSCRIPTION AND/OR ACQUISITION OF SHARES IN FICTITIOUS NAME

VIOLATED SECTION 12A OF SEBI ACT.,1992

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

VIOLATED SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECURITIES CONTRACTS (REGULATION) ACT, 1956

VIOLATED SEBI DEPOSITORIES ACT, 1996

PROSECUTION LAUNCHED

15-MAY-2006

272

SONAL UMANGBHAI PATEL

(PAN:ARQPP8070J)

TRANSFERRED AND RECEIVED SHARES IN OFF-MARKET TRANSACTIONS WITHOUT ANY PAYMENT/RECEIPT OF CONSIDERATION SAME DAY OR NEXT DAY VIOLATING SECTION 2(I) READ WITH SECTIONS 13, 16 AND 18 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956 IN MATTER OF L&T FINANCE HOLDINGS LTD.

IMPOSED PENALTY RS.25,000

16-MAR-2020

273

SONALBEN NIMESHKUMAR RAVAL

(PAN:AMAPR3470K)

PANKAJ J.SHAH (HUF)

PAN:AAIHS5790M

PINTU KACHARAJI TELI (HUF)

PAN:AACHT3722L

TRIVEDI VIJAY MAHIPATRAM (HUF)

PAN:AACHT3689L

VANI DILIP SITARAM (HUF)

PAN:AAHHV0378P

VIJAY MANGALDAS SHAH (HUF)

PAN:AAGHV9796J

IMPOSED PENALTY RS.15,000

31-AUG-2020

SAT: SAT VIDE ITS ORDER DATED 19/07/2021 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY TO RS.15,000.00 FROM RS.25,000.00

SAT: SAT VIDE ITS ORDER DATED 05/10/2021 REJECTED MODIFICATION APPLICATION

274

SUKHRAM PRAJAPAT

(PAN:AMGPP6961K)

ENTERED INTO SPOT DELIVERY CONTRACTS WITHOUT PAYMENT/RECEIPT OF CONSIDERATION WITHIN STIPULATED TIME VIOLATING SECTION 2(I) OF SCRA, 1956 READ WITH SECTIONS 16 AND 18(1) IN MATTER OF MURLI INDUSTRIES LTD.

IMPOSED PENALTY RS.34,000

16-JAN-2019

275

SUNIL KAPOOR

(PAN:ALMPK2209G)

SHRI BALAJI COMFIN TRADERS

PAN:ALMPK2209G

EXECUTED OFF-MARKET TRANSACTION OF SHARES WITHOUT ANY PAYMENT/RECEIPT OF CONSIDERATION IN STIPULATED TIME VIOLATING SECTION 16 OF SCRA, 1956 READ WITH SEBI NOTIFICATION DATED 03/10/2013 AND SECTIONS 13 AND 18 OF SCRA READ WITH SECTION 2(I) OF SCRA ACT, 1956 IN MATTER OF AMSONS APPARELS LTD.

IMPOSED PENALTY RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS

11-NOV-2022

SEBI VIDE ITS NOTICE DATED 17/03/2023 DIRECTED TO PAY RS.2,11,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 12/11/2024 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

276

SUNIL KUMAR

(PAN:ANGPK2900A)

IMPOSED PENALTY RS.7,00,000

24-NOV-2021

SEBI VIDE ITS NOTICE DATED 12/07/2022 DIRECTED TO PAY RS.7,64,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS NOTICE DATED 02/09/2022 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

277

SUNIL KUMAR SHARMA

(PAN:ABKPS1549R)

JAIPRAKASH POWER VENTURES LTD.

PAN:AAACJ6297K

MISREPRESENTED BOOKS OF ACCOUNTS AND/OR FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1), 4(2)(F) AND 4(2)(R) READ WITH 2(1)(B) AND 2(1)(C)(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF JAIPRAKASH POWER VENTURES LTD.

MISREPRESENTED BOOKS OF ACCOUNTS AND/OR FINANCIAL STATEMENTS VIOLATING CLAUSE 41(I)(A) AND PARA V OF CLAUSE 49 OF ERSTWHILE LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF JAIPRAKASH POWER VENTURES LTD.

MISREPRESENTED BOOKS OF ACCOUNTS AND/OR FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), 4(1)(E) AND 4(1)(G) TO 4(1)(J) READ WITH 4(2)(F)(I)(2), 4(2)(F)(II)(2), (6), (7), 4(2)(F)(III) (1)(3), (6), (12), 33(1)(A), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 27 OF SEBI ACT, 1992 IN MATTER OF JAIPRAKASH POWER VENTURES LTD.

FURNISHED FALSE CERTIFICATE WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF JAIPRAKASH POWER VENTURES LTD.

IMPOSED PENALTY RS.7,00,000

27-DEC-2024

SAT: SAT VIDE ITS ORDER DATED 06/03/2025 STAYED THE RECOVERY SUBJECT TO DEPOSIT OF 50% OF PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER

278

SUNIL SINGH

(PAN:BDGPS0774K)

ALFA FINSEC

PAN:BDGPS0774K

ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION

ACTED AS STOCK BROKER WITHOUT SEBI REGISTRATION

ISSUED FICTITIOUS CONTRACT NOTES

FALSIFIED/FABRICATED DOCUMENT TO GIVE IMPRESSION OF AUTHENTICITY ABOUT ITS TRANSACTIONS

DELAY IN TRANSFER OF SHARES TO TRANSFEREES SUBSEQUENT TO RECEIPT OF PAYMENT FROM TRANSFEREES VIOLATING SECTION 2(I)(A) OF SCRA, 1956 AND SECTIONS 13, 16 AND 18 OF SCRA, 1956 READ WITH SEBI NOTIFICATION G.S.R 219(E) DATED 02/03/2000 AND SEBI NOTIFICATION NO.LAD-NRO/GN/2013-14/26/6667 DATED 03/10/2013 IN MATTER OF DELTA LEASING AND FINANCE LTD.

DID NOT FURNISH REQUIRED INFORMATION IN RESPONSE TO SUMMONS ISSUED BY INVESTIGATION AUTHORITY IN MATTER OF DELTA LEASING AND FINANCE LTD.

STATED FALSE REASONS IN DELIVERY INSTRUCTION SLIP (DIS) FOR TRANSACTIONS AS LOAN OF SHARES, RETURN OF LOAN, BAD DELIVERY, RECTIFICATION OF BAD DELIVERY AND GIFT VIOLATING REGULATION 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DELTA LEASING AND FINANCE LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-JAN-2023 TO 30-APR-2023

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-JAN-2023 TO 30-APR-2023

IMPOSED PENALTY RS.8,00,000 ALONG WITH OTHER ENTITIES/PERSONS

31-JAN-2023

279

SUREN JAIN

(PAN:AASPJ5976A)

JAIPRAKASH POWER VENTURES LTD.

PAN:AAACJ6297K

IMPOSED PENALTY RS.7,00,000

27-DEC-2024

SAT: SAT VIDE ITS ORDER DATED 06/03/2025 STAYED THE RECOVERY SUBJECT TO DEPOSIT OF 50% OF PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER

280

SUVARNA M.ADANI

MAHSUKHBHAI S.ADANI FAMILY TRUST

PROSECUTION LAUNCHED

15-MAY-2006

THE OFFENCE WAS COMPOUNDED ON PAYMENT OF RS.30,00,000 BY THE ACCUSED TO SEBI

The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.