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: DIRECTED TO REDRESS INVESTOR GRIEVANCES

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

JAYANTI BUSINESS MACHINES LTD.

DID NOT REDRESS INVESTOR COMPLAINTS

DIRECTED TO REDRESS INVESTOR GRIEVANCES

14-MAY-2003

KANEL OIL & EXPORT INDUSTRIES LTD.

(PAN:AAECA8724C)

DID NOT RESPOND TO SHOW CAUSE NOTICE REGARDING REDRESSAL OF INVESTORS GRIEVANCES

DIRECTED TO REDRESS INVESTOR GRIEVANCES

14-OCT-2002

AS PER SCORES WEBSITE NO PENDING INVESTOR COMPLAINT AGAINST THE COMPANY AS ON 11/09/2018

LESHA STEELS LTD.

DID NOT RESPOND TO SHOW CAUSE NOTICE REGARDING REDRESSAL OF INVESTORS GRIEVANCES

DIRECTED TO REDRESS INVESTOR GRIEVANCES

14-OCT-2002

LLOYDS FINANCE LTD.

DID NOT REDRESS INVESTOR COMPLAINTS

DIRECTED TO REDRESS INVESTOR GRIEVANCES

14-MAY-2003

MAFATLAL FINANCE CO.LTD.

DID NOT REDRESS INVESTOR COMPLAINTS

DIRECTED TO REDRESS INVESTOR GRIEVANCES

14-MAY-2003

MAHADEV CORP.(INDIA) LTD.

DID NOT REDRESS INVESTOR COMPLAINTS

DIRECTED TO REDRESS INVESTOR GRIEVANCES

14-MAY-2003

MAHADEV INDUSTRIES LTD.

DID NOT REDRESS INVESTOR COMPLAINTS

DIRECTED TO REDRESS INVESTOR GRIEVANCES

14-MAY-2003

MARKET CAPTAINS INVESTMENT ADVISOR

(PAN:BSHPS7756M)

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AMIT SONI

PAN:BSHPS7756M

DID NOT ADHERE TO SEBI DIRECTIONS WITH RESPECT TO INSPECTION OF BOOKS OF ACCOUNTS/RECORDS AND OTHER DOCUMENT PERTAINING TO REGISTRATION

DID NOT SUBMIT MATERIAL INFORMATION TO SEBI

NOT A FIT & PROPER PERSON TO ACT AS AN INVESTMENT ADVISOR

CHARGED ARBITRARY/DISPROPORTIONATE AMOUNT FOR SIMILAR SERVICE AND SIMILAR DURATION

DID NOT DISPLAY COMPLAINTS STATUS ON WEBSITE

PROVIDED INVESTMENT ADVICE ON FREE TRIALS TO CLIENTS

PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS

DID NOT REDRESS INVESTOR COMPLAINTS

DID NOT FURNISH ACTION TAKEN REPORT IN CONNECTION WITH REDRESSAL OF INVESTOR�S GRIEVANCES IN STIPULATED TIME

CANCELLED REGISTRATION AS INVESTMENT ADVISOR

DIRECTED TO REFUND MONEY TO THE INVESTORS

DIRECTED TO REDRESS INVESTOR GRIEVANCES

28-NOV-2022

SAT: SAT VIDE ITS ORDER DATED 28/01/2025 GRANTED APPELLANT TO FILE REJOINDER

MISHTANN FOODS LTD.

(PAN:AAACH5335G)

BHARATBHAI JETHABHAI PATEL

PAN:BITPP3746E

DEVALKUMAR BHARATBHAI PATEL

PAN:CSYPP6285L

HITESHKUMAR GAURISHANKAR PATEL

PAN:ASZPP4210E

JATINBHAI RAMANBHAI PATEL

PAN:AWRPP3066G

KANAKKUMAR VINODBHAI PATEL

PAN:EUWPP8468M

MANJULABEN GAURISHANKAR PATEL

NAVINCHANDRA DAHYALAL PATEL

PAN:AHKPP9016G

NIKITABEN DEVALBHAI PATEL

PAN:CCEPP0198L

RAVIKUMAR GAURISHANKAR PATEL

PAN:ASZPP4552H

REKHABEN KANAKKUMAR PATEL

SURENDRA KUMAR YADAV

PAN:AOBPY4416K

TEJAL RAVIKUMAR PATEL

PAN:BEUPP6389A

DID NOT FURNISH REQUISITE INFORMATION TO SEBI

DID NOT CO-OPERATE WITH SEBI IN INSPECTION

MISREPRESENTED AND MISSTATED OF FINANCIAL STATEMENTS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(E), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003

INDULGED IN DIVERSION/ MISUTILISATION/ MISAPPROPRIATION OF FUNDS VIOLATING REGULATION 4(1) OF SEBI (PFUTP) REGULATIONS, 2003IN MATTER OF MISHTANN FOODS LTD.

DID NOT ADHERE TO PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS AS REQUIRED IND AS 1 VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015

DID NOT MAKE DISCLOSURE TO STOCK EXCHANGES AND DID NOT TAKE NECESSARY APPROVALS FROM AUDIT COMMITTEE AND SHAREHOLDERS FOR RELATED PARTY TRANSACTIONS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 23(2), 23(4), 23(9) AND 34(3) READ WITH SCHEDULE V AND 48 OF SEBI (LODR) REGULATIONS, 2015

DID NOT APPOINT MINIMUM NUMBER OF INDEPENDENT DIRECTORS AND PROPER CONSTITUTION OF VARIOUS COMMITTEES VIOLATING REGULATIONS 17(1)(B), 18(1)(A) AND 18(1)(B) OF SEBI (LODR) REGULATIONS, 2015

DID NOT HAVE PROPER COMPOSITION OF NOMINATION AND REMUNERATION COMMITTEE VIOLATING REGULATION 19(1) OF SEBI (LODR) REGULATIONS, 2015

DID NOT APPOINT QUALIFIED CFO AND CHAIRMAN OF AUDIT COMMITTEE VIOLATING REGULATION 18(1) (C) OF SEBI (LODR) REGULATIONS, 2015

DID NOT APPLY FOR RECLASSIFICATION OF STATUS OF PROMOTERS AND DID NOT DISCLOSE ALL THE PROMOTERS IN THE SHAREHOLDING PATTERN VIOLATING REGULATIONS 31(4) AND 31A(2) OF SEBI (LODR) REGULATIONS, 2015

DELAY IN MAKING DISCLOSURES OF ARREST OF MANAGING DIRECTOR AND DID NOT MAKE DISCLOSURE OF SEARCH AND SEIZURE PROCEEDINGS BY CGST AUTHORITY VIOLATING REGULATION 30(2) READ WITH PARA A OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015

PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 05-DEC-2024 UNTIL FURTHER ORDERS

DIRECTED TO BRING BACK RIGHTS ISSUE PROCEEDS RS.49.82 CRORE MISUTILISED/ MISAPPROPRIATED/ DIVERTED THROUGH GROUP ENTITIES AND RS.47.10 CRORE MISUTILISED/ MISAPPROPRIATED/ DIVERTED TO PROMOTERS/DIRECTORS OF MISHTANN FOODS LTD. AND THEIR RELATIVES THROUGH FICTITIOUS SALES/PURCHASES WITH GROUP ENTITIES

DIRECTED TO CONSTITUTE NEW AUDIT COMMITTEES AND PLACE THE COPY OF THIS ORDER BEFORE THEM

DIRECTED NEW AUDIT COMMITTEES TO ENHANCE OVERSIGHT OF FINANCIAL REPORTING PROCESS AND DISCLOSURE OF ITS FINANCIAL INFORMATION AND TO ENSURE FINANCIAL STATEMENTS ARE CORRECT, SUFFICIENT AND CREDIBLE

DIRECTED NEW AUDIT COMMITTEES TO ENSURE THAT MISHTANN FOODS LTD. COMPLY WITH OTHER REQUIREMENTS UNDER LODR REGULATIONS, 2015

DIRECTED BSE NOT TO APPROVE ANY RIGHTS ISSUE APPLICATION FILE BY MISHTANN FOODS LTD. FROM 05-DEC-2024 UNTIL FURTHER ORDERS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 05-DEC-2024 UNTIL FURTHER ORDERS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-DEC-2024 UNTIL FURTHER ORDERS

05-DEC-2024

MONICA ELECTRONICS LTD.

DID NOT REDRESS INVESTOR COMPLAINTS

DIRECTED TO REDRESS INVESTOR GRIEVANCES

14-MAY-2003

PADMINI TECHNOLOGIES LTD.

(CIN:L25202DL1990PLC039395)

DID NOT REDRESS INVESTOR COMPLAINTS

DIRECTED TO REDRESS INVESTOR GRIEVANCES

14-MAY-2003

SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.1,50,000 FROM RS.10,00,000

PAL-PEUGEOT LTD.

DID NOT REDRESS INVESTOR COMPLAINTS

DIRECTED TO REDRESS INVESTOR GRIEVANCES

14-MAY-2003

PAN ASIA INDUSTRIES LTD.

(CIN:U18101RJ1984PLC008744)