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 COMPANIES ACT, 1956

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

INDUS WEIR INDUSTRIES LTD.

(PAN:AACCI4265N
CIN:U15410DL2010PLC207057)

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

BALCHAND CHAURASIYA

PAN:AEFPC8555B
DIN:03129523

RATNESH KUMAR PANDEY

DIN:03612113

MOBILIZED FUNDS OF RS.33.40 CRORE THROUGH ISSUANCE OF REDEEMABLE PREFERENCE SHARES (RPS) BY WAY OF PRIVATE PLACEMENT TO 32,454 INVESTORS VIOLATING SECTIONS 67(3), 73(2), 73(3), 56(1), 56(3) AND 60 READ WITH SECTION 2(36) OF THE COMPANIES ACT, 1956

MOBILIZED FUNDS OF RS.33.40 CRORE THROUGH ISSUANCE OF REDEEMABLE PREFERENCE SHARES (RPS) BY WAY OF PRIVATE PLACEMENT TO 32,454 INVESTORS VIOLATING REGULATION 16(1) OF SEBI (ISSUE AND LISTING OF NCRPS) REGULATIONS, 2013

DID NOT MAKE APPLICATION FOR LISTING UNDER SECTION 73(1) OF COMPANIES ACT, 1956

DID NOT PROVIDE CORRECT STATUS OF REFUND DONE TO INVESTORS

PROHIBITED FROM ISSUING PROSPECTUS OR ANY OFFER DOCUMENT, OR ISSUE ADVERTISEMENT FOR SOLICITING MONEY FROM PUBLIC FOR ISSUE OF SECURITIES IN ANY MANNER EITHER DIRECTLY OR INDIRECTLY FROM 25-MAY-2023 TILL FURTHER ORDERS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 25-MAY-2023 TILL FURTHER ORDERS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-MAY-2023 TILL FURTHER ORDERS

DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS

DIRECTED NOT TO DISPOSE OF PROPERTIES/ASSETS OWNED OR ACQUIRED WITHOUT PRIOR PERMISSION OF SEBI FROM 25-MAY-2023 TILL FURTHER ORDERS

DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 25-MAY-2023 TILL FURTHER ORDERS

DIRECTED TO PROVIDE COMPLETE DETAILS OF ALL RPS OR ANY OTHER SECURITIES ISSUED BY COMPANY AFTER 31/07/2013

DIRECTED TO PROVIDE COMPLETE DETAILS OF ALL REFUNDS MADE TO INVESTORS IN RESPECT OF OFFER AND ALLOTMENT OF RPS

DIRECTED TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES IN CONNECTION WITH THE REFUND OF MONEY

DIRECTED TO PROVIDE CERTIFICATE FROM CHARTERED ACCOUNTANT IN PANEL OF ANY PUBLIC AUTHORITY OR PUBLIC INSTITUTION

25-MAY-2023

INDUS WEIR INDUSTRIES LTD.

(PAN:AACCI4265N
CIN:U15410DL2010PLC207057)

ANIL KUMAR TRIVEDI

DIN:03116758

ANURESH

DIN:03115467

MAZHARUL QUADRI

DIN:03128046

PARAS NATH SHARMA

DIN:03142304

PARTHSARTHI ADHIKARI

DIN:03128071
PAN:AHPPA3304H

PRINCE RANA

PAN:AQXPR2438L
DIN:02694162

RASHEED QUAMAR

DIN:03116801

SHYAM SUNDER SETH

DIN:03129540

PROHIBITED FROM ISSUING PROSPECTUS OR ANY OFFER DOCUMENT, OR ISSUE ADVERTISEMENT FOR SOLICITING MONEY FROM PUBLIC FOR ISSUE OF SECURITIES IN ANY MANNER EITHER DIRECTLY OR INDIRECTLY FROM 08-MAY-2024 TO 07-MAY-2027

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 08-MAY-2024 TO 07-MAY-2027

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 08-MAY-2024 TO 07-MAY-2027

DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS

DIRECTED NOT TO DISPOSE OF PROPERTIES/ASSETS OWNED OR ACQUIRED WITHOUT PRIOR PERMISSION OF SEBI FROM 08-MAY-2024 TO 07-MAY-2027

DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 08-MAY-2024 TO 07-MAY-2027

DIRECTED TO PROVIDE COMPLETE DETAILS OF ALL RPS OR ANY OTHER SECURITIES ISSUED BY COMPANY AFTER 31/07/2013

DIRECTED TO PROVIDE COMPLETE DETAILS OF ALL REFUNDS MADE TO INVESTORS IN RESPECT OF OFFER AND ALLOTMENT OF RPS

DIRECTED NOT TO MOBILIZE FUNDS FROM PUBLIC AND/OR INVITE SUBSCRIPTION, IN ANY MANNER EITHER DIRECTLY OR INDIRECTLY FROM 08-MAY-2024 TO 07-MAY-2027

DIRECTED TO REFUND MONEY TO THE INVESTORS

DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER

DIRECTED TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES IN CONNECTION WITH THE REFUND OF MONEY

RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM

DIRECTED TO PROVIDE CERTIFICATE FROM CHARTERED ACCOUNTANT IN PANEL OF ANY PUBLIC AUTHORITY OR PUBLIC INSTITUTION

DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS

25-MAY-2023

SEBI VIDE ITS ORDER DATED 08/05/2024 DIRECTED TO A) REFUND THE MONEY COLLECTED THROUGH ISSUANCE OF RPS WITH INTEREST @ 8% P.A. FROM DATE OF RECEIPT OF MONEY TILL DATE OF REFUND THROUGH BANK DEMAND DRAFT OR PAY ORDER B) ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES (ONE ENGLISH AND ONE HINDI) AND IN ONE LOCAL DAILY WITH WIDE CIRCULATION, DETAILING THE MODALITIES FOR REFUND C) RESTRAINED AND PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN WHATSOEVER MANNER FOR THREE YEARS OR TILL DATE OF REFUND OF MONEY TO ALLOTTEES D) RESTRAINED FROM DIRECTLY OR INDIRECTLY, ACCESSING CAPITAL MARKET BY ISSUING PROSPECTUS, OFFER DOCUMENT OR ADVERTISEMENT SOLICITING MONEY FROM PUBLIC FOR THREE YEARS OR TILL DATE OF REFUND OF MONEY TO ALLOTTEES E) DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS & PROPERTIES AND DETAILS OF ALL BANK, DEMAT ACCOUNTS AND HOLDINGS OF MUTUAL FUNDS/SHARES/SECURITIES, IF HELD IN PHYSICAL FORM AND DEMAT FORM WITHIN A PERIOD OF FIFTEEN DAYS FROM DATE OF THIS ORDER F) PERMITTED TO SELL ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM OF THE COMPANY FOR THE SOLE PURPOSE OF MAKING THE REFUNDS AND DEPOSIT PROCEEDS IN ESCROW ACCOUNT OPENED WITH A NATIONALISED BANK G) FILE REPORT OF SUCH COMPLETION WITH SEBI DULY CERTIFIED FROM TWO INDEPENDENT PEER REVIEWED CHARTERED ACCOUNTANTS WHO ARE IN THE PANEL OF ANY PUBLIC AUTHORITY OR PUBLIC INSTITUTION H) DURING PERIOD OF RESTRAINT EXISTING HOLDING, INCLUDING MUTUAL FUNDS UNITS TO REMAIN FROZEN

INFORMATION TECHNOLOGIES (INDIA) LTD.

(CIN:U65910UP1994PLC017049
PAN:AAACI1891E)

ADITYA PITTIE

AMIT RAI

ANIL RAI

GAGAN OBEROI

M.C.GUPTA

M.M.MITTAL

MANOJ SRIVASTAVA

R.P.SHARMA

S.K.MITTAL

SANJAY GUPTA

SURESH SACHDEV

V.C.RAI

VARUN RAI

VINAY RAI

DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD

VIOLATED REGULATIONS 4(A) TO 4(E) OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED REGULATION 6(D) OF SEBI (PFUTP) REGULATIONS, 1995

DEALT IN SECURITIES VIOLATING REGULATION 4 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992

VIOLATED SECTION 11 (2) OF SEBI TAKEOVER CODE, 1997

PROSECUTION LAUNCHED

15-MAY-2006

CASE DISMISSED BY COURT. REVISION PETITION FILED BY SEBI IS PENDING BEFORE THE ADDITIONAL SESSIONS JUDGE, DELHI

JALTARANG MOTELS LTD.

ATUL V.SHAH

BHAVANI SHAH

SHAILA SHAH

VINOD SHAH

VIOLATED SECTION 24 OF SEBI ACT, 1992

VIOLATED SECTION 11 OF SEBI ACT, 1992

MIS-STATEMENTS IN THE PROSPECTUS

DID NOT REPAY EXCESS SHARE APPLICATION MONEY WITHIN STIPULATED PERIOD

INDULGED IN CRIMINAL CONSPIRACY TO COMMIT AN OFFENCE (SECTION 120B � IPC)

PROSECUTION LAUNCHED

15-MAY-2006

JAYESH P.KHANDWALA (HUF)

(PAN:AAAHJ4784N)

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

K SERA SERA LTD.

(PAN:AAACG5103D)

INDULGED IN FINANCING OF OWN GDR ISSUE AND MISLED INVESTORS BY MAKING FALSE DISCLOSURES TO SEBI VIOLATING SECTION 77(2) READ WITH 77(4) OF THE COMPANIES ACT, 1956

INDULGED IN FINANCING OF OWN GDR ISSUE AND MISLED INVESTORS BY MAKING FALSE DISCLOSURES TO SEBI VIOLATING SECTION 12(A) TO (C) OF SEBI ACT. READ WITH REGULATIONS 3(B) TO 3(D) & 4(2)(C), 4(2)(F), 4(2)(K) AND 4(2)(R) OF PFUTP REGULATIONS, 2003 IN MATTER OF GDR ISSUES OF K SERA SERA LTD. (NOW KNOWN AS KSS LTD.)

DID NOT PROVIDE CORRECT INFORMATION AND CONCEALED MATERIAL INFORMATION FROM SEBI IN MATTER OF GDR ISSUES OF K SERA SERA LTD.

DIRECTED NOT TO ISSUE EQUITY SHARES OR ANY OTHER INSTRUMENT CONVERTIBLE INTO EQUITY SHARE OR ANY OTHER SECURITY FROM 05-SEP-2017 TO 20-SEP-2021

05-SEP-2017

KALYANI FINANCE LTD.

ASEEM GUPTA

TARUN GOYAL

FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY

MIS-STATEMENTS IN THE PROSPECTUS

PROSECUTION LAUNCHED

15-MAY-2006

OFFENCE STANDS COMPOUNDED QUA ACCUSED NO.3 PURSUANT TO COMPANY LAW BOARD ORDER DATED 16/09/2014. CLB VIDE SAID ORDER ALLOWED COMPOUNDING OF OFFENCES QUA ACCUSED NO.3 U/S. 63 & 68 OF THE COMPANIES ACT BY IMPOSING FEES OF RS.20,000.00 & RS. 40,000.00 RESP. AS PER POLICY, COMPOUNDING BY CLB IS TREATED AS CONVICTION

KARISHMA FLORICULTURE LTD.

(CIN:U74899DL1994PLC057511)

S.N.BANSAL

ADVANCED FUNDS FOR PURCHASE OF ITS OWN SHARES VIOLATING SECTION 77(2) OF COMPANIES ACT, 1956

DID NOT REDRESS INVESTOR COMPLAINTS

DID NOT TRANSFER SHARE CERTIFICATES WITHIN STIPULATED TIME

WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET

19-JUL-2011

KAVVERI TELECOM PRODUCTS LTD.

(PAN:AAACK7399F
CIN:L85110KA1996PLC019627)

B.S.SHANKARANARAYAN

C.SIVAKUMAR REDDY

PAN:AFKPS1146S

C.V.JAGDISH

L.NICHOLAS

PAN:ABCPN4794R

L.R.VENUGOPAL

R.H.KASTURI

PAN:ADDPK6263D

DID NOT PAY DIVIDEND WITHIN STIPULATED PERIOD

PROSECUTION LAUNCHED

25-AUG-2016

KOLKATA WEIR INDUSTRIES LTD.

AJAY KUMAR SRIVASTAB

CHANDAN CHOWDHURY

LAKSHMI KANTA GAYEN

LUKAMAN ANSARI

PRABIR HALDAR

RAM KRISHNA MONDAL

RATAN KUMAR

SAHAJAHAN KHAN

SAHAJAMAL KHAN

SAMSUL ALAM KHAN

SELIM LASKAR

APPROCHED 105809 INVESTORS TO MOBILIZE RS.47.90 CRORES THROUGH OFFER OF REDEEMABLE PREFERENCE SHARES ON PRIVATE PLACEMENT BASIS IN MATTER OF KOLKATA WEIR INDUSTRIES LTD.VIOLATING SECTION 67(3) OF COMPANIES ACT, 1956

PROSECUTION LAUNCHED

25-AUG-2016

KREBS BIOCHEMICALS LTD.

A.NARENDRA

R.T.RAVI

FRAUDULENTLY INDUCING PERSONS TO INVEST MONEY

MIS-STATEMENTS IN THE PROSPECTUS

PROSECUTION LAUNCHED

15-MAY-2006

ALL ACCUSED CONVICTED AND SENTENCED TO FINE OF RS.20,000 EACH AND ON DEFAULT SIMPLE IMPRISONMENT FOR I MONTH

MAARS SOFTWARE INTERNATIONAL LTD.

(PAN:AAACM4527H)

INDULGED IN FINANCING OF OWN GDR ISSUE AND MISLED INVESTORS BY MAKING FALSE DISCLOSURES TO SEBI VIOLATING SECTION 77(2) READ WITH 77(4) OF THE COMPANIES ACT, 1956

INDULGED IN FINANCING OF OWN GDR ISSUE AND MISLED INVESTORS BY MAKING FALSE DISCLOSURES TO SEBI VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT. READ WITH REGULATIONS 3(B) TO 3(D) & 4(2)(C), 4(2)(F) AND 4(2)(K) OF PFUTP REGULATIONS, 2003 IN MATTER OF GDR ISSUES OF MAARS SOFTWARE INTERNATIONAL LTD.

DID NOT PROVIDE CORRECT INFORMATION AND CONCEALED MATERIAL INFORMATION FROM SEBI IN MATTER OF GDR ISSUES OF MAARS SOFTWARE INTERNATIONAL LTD.

DIRECTED NOT TO ISSUE EQUITY SHARES OR ANY OTHER INSTRUMENT CONVERTIBLE INTO EQUITY SHARE OR ANY OTHER SECURITY FROM 05-SEP-2017 TO 20-SEP-2021

05-SEP-2017

MAHADEV AGRO INDUSTRIES LTD.

AVADESH KUMAR SHARMA

DIPESH P.SETH

H.C.CHUGH

OM PRAKASH TUSHIR

RAJBIR SINGH HOODA

V.SHANKAR

DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD

DID NOT PAY DIVIDEND WITHIN STIPULATED PERIOD

PROSECUTION LAUNCHED

15-MAY-2006

ACCUSED NO.1 COMPANY PROCEDED U/S 305 OF CR.P.C. (EX-PARTE) PROCEEDINGS AGAINST ACCUSED NO.2,4,5 AND 7 WERE DROPPED VIDE ORDER DATED 20/11/2001. ACCUSED NOS 3 AND 6 PLEADED GUILTY AND COURT IMPOSED FINE OF RS.10,000 EACH

MAHADEV CORP.(INDIA) LTD.

AVADESH KUMAR SHARMA

OM PRAKASH TUSHIR

RAJBIR SINGH HOODA

DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD

PROSECUTION LAUNCHED

15-MAY-2006

ACCUSED NO.2 PLEADED GUILTY AND LD. COURT IMPOSED A FINE OF RS.5000. NONE FOR COMPANY AND PROCEEDINGS QUA A3 AND A4 DROPPED AND FILE CONSIGNED TO RR

MANNA GLASS-TECH INDUSTRIES LTD.

AMIDHAR MAJUMDAR

ASHOK NAVINCHANDRA CHOKSHI

BEENA A.SHAH

DATTATRAY MARUTIRAO SAWANT

GIRISH D.SHAH

JAYESH BALMUKUNDBHAI MEHTA

NOOPUR KANSARA

DIN:03153864

REEMA T.MAJUMDAR

REENA A.MAJUMDAR

TUSHAR A.MAJUMDAR

VIOLATED SECTION 59 OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996

DID NOT DESPATCH SHARE CERTIFICATES AFTER ALLOTMENT AND/OR TRANSFER WITHIN STIPULATED PERIOD

VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECTION 60 OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996

VIOLATED REGULATION 6 SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECTION 24 OF SEBI ACT, 1992

VIOLATED SECTION 18 OF SEBI DEPOSITORIES ACT, 1996

VIOLATED SECTION 20 OF SEBI DEPOSITORIES ACT, 1996

PROSECUTION LAUNCHED

15-MAY-2006

PARTLY COMPOUNDED BY COMPANY LAW BOARD

MIDFIELD INDUSTRIES LTD.

(CIN:U27109AP1990PLC011353
PAN:AAACM9490M)

ASHOK KUMAR KOLLA

KANNURI NAUDI RAJESH

MADHUMOHAN REDDY MARAMREDDY

PAN:ACIPM3240J

RAJARAJU KOTHAPALLI

DIN:01228222

SRIDHAR REDDY GADDAM

URITI SRIKANTH

DIN:02421186

VIOLATED SECTION 207 OF COMPANIES ACT, 1956

VIOLATED SECTION 127 OF COMPANIES ACT, 2013

VIOLATED SECTION 24 (1) OF SEBI ACT, 1992

VIOLATED SECTION 24 (2) OF SEBI ACT, 1992

PROSECUTION LAUNCHED

15-DEC-2016

MIDFIELD INDUSTRIES LTD.

(CIN:U27109AP1990PLC011353
PAN:AAACM9490M)

ASHOK SAGAR MUDUMBA

DIN:00529436
PAN:ACIPM3400E

MADHUMOHAN REDDY MARAMREDDY

PAN:ACIPM3240J

DID NOT PAY DIVIDEND WITHIN STIPULATED PERIOD

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 09-FEB-2021 TO 08-FEB-2023

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 09-FEB-2021 TO 08-FEB-2023

RESTRAINED AND FURTHER PROHIBITED FROM HOLDING AND OCCUPYING ANY MANAGERIAL POST OR BEING ASSOCIATED DIRECTLY OR INDIRECTLY WITH ANY LISTED PUBLIC COMPANY AND/OR ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC OR ANY INTERMEDIARY REGISTERED WITH SEBI FROM 09-FEB-2021 TO 08-FEB-2023

09-FEB-2021

MITHILA STEEL INDUSTRIES LTD.

C.S.SHETTY

K.R.MAITHANI

N.K.MAITHANI

P.C.SONI

S.S.SOKHI