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 LISTING AGREEMENT

S.No.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

621

V.CHANDRASEKHAR

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CAUVERY SOFTWARE ENGINEERING SYSTEMS LTD.

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 03-FEB-2000 TO 02-FEB-2005

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 03-FEB-2000 TO 02-FEB-2005

03-FEB-2000

622

V.K.JAIN

ADVIK LABORATORIES LTD.

DID NOT ADHERE TO LISTING AGREEMENT

IMPOSED PENALTY RS.2,00,000

30-NOV-2004

623

V.K.SHAKUJA

NOVA ELECTRO MAGNETICS LTD.

CIN:L93090TN1989PLC033430

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

624

V.MANOHAR

CONSORTEX KARL DOELITZSCH (INDIA) LTD.

CIN:L31909AP1984PLC004953

INTRODUCED FAKE SHARES

FAILED TO RECONCILE RECORDS OF DEMATERIALISED SECURITIES WITH THE SECURITIES ISSUED ON DAILY BASIS

FILED FALSE AND MISLEADING REPORT ON SHAREHOLDING PATTERN WITH THE STOCK EXCHANGES

DIRECTED NOT TO ISSUE ANY EQUITY SHARES OR ANY INSTRUMENT CONVERTIBLE INTO EQUITY SHARES OR ALTER ITS CAPITAL STRUCTURE IN ANY MANNER FROM 29-SEP-2005 TILL FURTHER ORDERS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 29-SEP-2005 TILL FURTHER ORDERS

DIRECTED TO SUBMIT CERTIFIED REPORT ON THE RECORDS OF DEMATERIALISED SECURITIES WITH THE SECURITIES ISSUED

29-SEP-2005

CONFIRMED INTERIM ORDER DATED 29/09/2005

SEBI VIDE ITS ORDER DATED 19/07/2011 RESTRAINED DIRECTORS OF THE COMPANY FROM DEALING IN SECURITIES FOR SIX YEARS (PERIOD OF DEBARMENT ALREADY UNDERGONE VIDE ITS ORDER DATED 29/09/2005 AND 01/02/2006 IS TO BE CONSIDERED

625

V.S.MODI

SSK FISCAL SERVICES LTD.

DECLARED AS A VANISHING COMPANY

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 27-SEP-2002 TO 26-SEP-2007

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 27-SEP-2002 TO 26-SEP-2007

PROHIBITED PUBLIC COMPANIES IN WHICH THIS DIRECTOR HAS CONTROLLING/SUBSTANTIAL INTEREST TO RAISE FUNDS FROM CAPITAL MARKET FROM 27-SEP-2002 TO 26-SEP-2007

27-SEP-2002

626

V.S.RANGA

VISION TECHNOLOGY INDIA LTD.

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

627

V.S.SUNDARARAMAN

REALTIME FINLEASE LTD.

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

628

V.SRI LAKSHMI

(PAN:AERPV5483P)

ALLEGED FAILURE TO ENSURE THAT CORRECT DISCLOSURE OF QUARTERLY SHAREHOLDING/CHANGES IN SHAREHOLDING TO STOCK EXCHANGES VIOLATING CLAUSE 47 OF ERSTWHILE LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF BRIGHTCOM GROUP LTD.

ALLEGED INDULGENCE IS ISSUANCE OF FALSE AND MISLEADING PRESS RELEASE WITH RESPECT TO APPOINTMENT OF INTERNAL AUDITOR VIOLATING REGULATION 6(2) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF BRIGHTCOM GROUP LTD.

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.12,35,000 VIDE CONSENT ORDER)

REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY NOT TO BE ASSOCIATED WITH BRIGHTCOM GROUP LTD. AND ITS AFFILIATES IN ANY CAPACITY INCLUDING EMPLOYMENT, CONSULTANCY OR ANY OTHER PROFESSIONAL OR BUSINESS RELATIONSHIP) FROM 11-JUN-2025 TO 10-JUN-2026

11-JUN-2025

629

V.V.NARAYANA

SAIGRUHA FINANCES & ENGINEERING LTD.

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

630

VADIBHAI M.PATEL

MARINE CARGO CO.LTD.

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

631

VADLAMANI SRINIVASU

(PAN:ABEPV4019P)

SATYAM COMPUTER SERVICES LTD.

MISLED INVESTORS THROUGH ISSUANCE OF BONUS SHARES AND AMERICAN DEPOSITORY SHARES (ADS) AND BY GIVING MISLEADING ANNOUNCEMENTS OF BUY BACK OF SHARES IN MATTER OF SATYAM COMPUTER SERVICES LTD.

SOLD AND PLEDGED SHARES WHILE IN POSSESSION OF UNPUBLISHED PRICE SENSITIVE INFORMATION VIOLATING REGULATIONS 3 AND 4 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 AND SECTION 12A (D) & (E) OF SEBI ACT, 1992 IN MATTER OF SATYAM COMPUTER SERVICES LTD.

DID NOT ADHERE TO PRINCIPLES OF CORPORATE GOVERNANCE IN GENERAL AND OBLIGATION OF CEO/CFO CERTIFICATION STIPULATED IN CLAUSE 49 OF THE LISTING AGREEMENT

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 15-JUL-2014 TO 14-JUL-2021

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 15-JUL-2014 TO 14-JUL-2021

DIRECTED TO DISGORGE RS.15,65,97,987

15-JUL-2014

SAT: SAT VIDE ITS ORDER DATED 12/05/2017 SET ASIDED IMPUGNED ORDER DATED 15/07/2014 TO THE EXTENT IT RELATED TO THE PERIOD FOR WHICH THE APPELALANTS WERE RESTRAINED FROM ACCESSING THE SECURITIES MARKET AND THE ILLEGAL GAIN DIRECTED TO BE DISGORGED BY THE APPLLANTS AND REMANDED THE MATTER TO FILE OF WTM OF SEBI TO PASS FRESH ORDER ON MERITS AND IN ACCORDANCE WITH LAW. FURTHER, DIRECTED THAT THE APPELLANTS SHALL NOT ACCESS THE SECURITIES MARKET AND SHALL NOT BUY, SELL OR OTHERWISE DEAL IN SECURITIES, DIRECTLY OR INDIRECTLY TILL FRESH ORDER IS PASSED BY WTM OF SEBI ON MERITS AND IN ACCORDANCE WITH LAW. NO COSTS

SEBI VIDE ITS ORDER DATED 16/10/2018 DIRECTED TO A) RESTRAINED FROM ACCESSING SECURITIES MARKET AND PROHIBITED FROM BUYING, SELLING OR DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FOR SEVEN YEARS B) DISGORGE WRONGFUL GAIN OF RS.15,65,97,987.00 ALONG WITH SIMPLE INTEREST @ 12% P.A. FROM 07/01/2009 TILL DATE OF PAYMENT WITHIN 45 DAYS FROM DATE OF THIS ORDER

632

VAIBHAV P.MORARKA

BRADY & MORRIS ENGINEERING CO.LTD.

ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS

ALLEGED VIOLATION OF RULE 19A(1) OF SCRR READ WITH CLAUSE 40A OF LISTING AGREEMENT BY DILUTING STAKE IN BRADY & MORRIS ENGINEERING CO. LTD. THROUGH SELLING OF SHARES IN THE OPEN MARKET

ALLEGED VIOLATION OF SECTION 21 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956 BY DILUTING STAKE IN BRADY & MORRIS ENGINEERING CO. LTD. THROUGH SELLING OF SHARES IN THE OPEN MARKET

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,80,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)

02-DEC-2014

633

VANDAN N.PATEL

MEDHA FINANCE & SECURITIES LTD.

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

634

VANTIMITTA SURYANARAYANA PRABHAKARA GUPTA

(PAN:AEAPP2815G)

SATYAM COMPUTER SERVICES LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 15-JUL-2014 TO 14-JUL-2018

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 15-JUL-2014 TO 14-JUL-2018

DIRECTED TO DISGORGE RS.48,00,105

15-JUL-2014

SAT: SAT VIDE ITS ORDER DATED 12/05/2017 SET ASIDED IMPUGNED ORDER DATED 15/07/2014 TO THE EXTENT IT RELATED TO THE PERIOD FOR WHICH THE APPELALANTS WERE RESTRAINED FROM ACCESSING THE SECURITIES MARKET AND THE ILLEGAL GAIN DIRECTED TO BE DISGORGED BY THE APPLLANTS AND REMANDED THE MATTER TO FILE OF WTM OF SEBI TO PASS FRESH ORDER ON MERITS AND IN ACCORDANCE WITH LAW. FURTHER, DIRECTED THAT THE APPELLANTS SHALL NOT ACCESS THE SECURITIES MARKET AND SHALL NOT BUY, SELL OR OTHERWISE DEAL IN SECURITIES, DIRECTLY OR INDIRECTLY TILL FRESH ORDER IS PASSED BY WTM OF SEBI ON MERITS AND IN ACCORDANCE WITH LAW. NO COSTS

SEBI VIDE ITS ORDER DATED 16/10/2018 DIRECTED TO A) RESTRAINED FROM ACCESSING SECURITIES MARKET AND PROHIBITED FROM BUYING, SELLING OR DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FOR FOUR YEARS B) DISGORGE WRONGFUL GAIN OF RS.48,00,105.00 ALONG WITH SIMPLE INTEREST @ 12% P.A. FROM 07/01/2009 TILL DATE OF PAYMENT WITHIN 45 DAYS FROM DATE OF THIS ORDER

635

VARADARAJ RAMNATH PRABHU

UNICORN PHARMACEUTICALS (INDIA) LTD.

DID NOT ADHERE TO LISTING AGREEMENT

COMPANY WAS NOT LOCATED AT ITS REGISTERED OFFICE ADDRESS

636

VARSHA MURAKA (AKA.VARSHA PODDAR)

(PAN:ARCPM7606B)

INDIAN INFOTECH & SOFTWARE LTD.

CIN:L70100MH1982PLC027198
PAN:AAACI0350E

DID NOT PRESENT TRUE AND FAIR FINANCIAL STATEMENTS AND EXECUTED TRANSACTIONS WHICH WERE NON-GENUINE IN NATURE AND MISUSE OF ACCOUNT/FUNDS VIOLATING REGULATIONS 4(1)(C), (E) & (G), 4(2)(F)(I)(2), 4(2)(F)(II)(6), 7, 4(2)(F)(III)(1), (3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF INDIAN INFOTECH & SOFTWARE LTD.

DID NOT PRESENT TRUE AND FAIR FINANCIAL STATEMENTS AND EXECUTED TRANSACTIONS WHICH WERE NON-GENUINE IN NATURE AND MISUSE OF ACCOUNT/FUNDS VIOLATING REGULATIONS 4(1), 4(2)(F) AND (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF INDIAN INFOTECH & SOFTWARE LTD.

DID NOT PRESENT TRUE AND FAIR FINANCIAL STATEMENTS AND EXECUTED TRANSACTIONS WHICH WERE NON-GENUINE IN NATURE AND MISUSE OF ACCOUNT/FUNDS VIOLATING SECTION 21 OF SCRA, 1956 IN MATTER OF INDIAN INFOTECH & SOFTWARE LTD.

DID NOT COOPEARATE WITH FORENSIC AUDITOR APPOINTED BY BSE AND DID NOT PROVIDE ANY EVIDENCE TO SUBSTANTIATE FINANCIAL TRANSACTIONS AND STATEMENTS OF COMPANY VIOLATED SECTION 24 (2) READ WITH 27 OF SEBI ACT, 1992 IN MATTER OF INDIAN INFOTECH & SOFTWARE LTD.

RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 12-NOV-2020 TO 11-FEB-2021

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

12-NOV-2020

637

VARSHA MURAKA (AKA.VARSHA PODDAR)

(PAN:ARCPM7606B)

INDIAN INFOTECH & SOFTWARE LTD.

CIN:L70100MH1982PLC027198
PAN:AAACI0350E

MISREPRESENTED FINANCIAL STATEMENTS AND MISUSED FUNDS/BOOKS OF ACCOUNTS VIOLATING SECTIONS 12(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF INDIAN INFOTECH & SOFTWARE LTD.

MISREPRESENTED FINANCIAL STATEMENTS AND MISUSED FUNDS/BOOKS OF ACCOUNTS VIOLATING SECTION 21 OF SCRA, 1956 IN MATTER OF INDIAN INFOTECH & SOFTWARE LTD.

MISREPRESENTED FINANCIAL STATEMENTS AND MISUSED FUNDS/BOOKS OF ACCOUNTS VIOLATING REGULATION 4(2)(F)(I)(2), 4(2)(F)(II), (6), (7), 4(2)(F)(III), (1), (3) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF INDIAN INFOTECH & SOFTWARE LTD.

IMPOSED PENALTY RS.7,00,000

30-SEP-2022

SAT: SAT VIDE ITS ORDER DATED 04/01/2023 ALLOWED THE APPEAL AND SET ASIDE IMPUGNED ORDER DATED 30/09/2022

638

VARSHA PODDAR (AKA.VARSHA MURARKA)

(PAN:ARCPM7606B)

INDIAN INFOTECH & SOFTWARE LTD.

CIN:L70100MH1982PLC027198
PAN:AAACI0350E

IMPOSED PENALTY RS.7,00,000

30-SEP-2022

SAT: SAT VIDE ITS ORDER DATED 04/01/2023 ALLOWED THE APPEAL AND SET ASIDE IMPUGNED ORDER DATED 30/09/2022

639

VEENA SHARMA

GOGA FOODS LTD.

DID NOT ADHERE TO LISTING AGREEMENT

640