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: RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI

S.No.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

141

RAJESH SINGH YADAV

(DIN:07524409
PAN:ALVPY5087F)

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GEOSHINE MINES 2 METALS LTD.

CIN:U74110UP1997PLC021979
PAN:AABCB5955D

MOBILIZED RS.71.56 LAC FROM PUBLIC THROUGH ISSUANCE OF REDEEMABLE CUMULATIVE PREFERENCE SHARES (RCPS) BY WAY OF PRIVATE PLACEMENT TO 103 INVESTORS VIOLATING SECTIONS 56(1), 56(3), 60 READ WITH 2(36), 67(3), 73(1) TO 73(3) OF COMPANIES ACT, 1956 READ WITH SECTION 465(2) OF THE COMPANIES ACT, 2013

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 30-OCT-2024 TO 29-JAN-2025

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 30-OCT-2024 TO 29-JAN-2025

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 30-OCT-2024 TO 29-JAN-2025

RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 30-OCT-2024 TO 29-JAN-2025

30-OCT-2024

142

RAKESH KUMAR WADHAWAN

(PAN:AAEPW7656G)

WADHAWAN CONSOLIDATED HOLDINGS PVT.LTD.

PAN:AACCD2944F

WADHAWAN GLOBAL CAPITAL PVT.LTD.

PAN:AAACW9811G

WADHAWAN HOLDINGS PVT.LTD.

CIN:U74999MH2002PTC135601
PAN:AAACW5001G

WADHAWAN RETAIL VENTURES PVT.LTD.

PAN:AAACW6632R

INDULGED IN MANIPULATION/FALSIFICATION IN BOOKS OF ACCOUNTS VIOLATING REGULATION 4(1) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.

INDULGED IN MANIPULATION/FALSIFICATION IN BOOKS OF ACCOUNTS VIOLATING SECTION 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO (D), 4(1) & 4(2)(F), (K) AND (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 22-SEP-2020 TILL FURTHER ORDERS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 22-SEP-2020 TILL FURTHER ORDERS

RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 22-SEP-2020 TILL FURTHER ORDERS

22-SEP-2020

SEBI VIDE ITS ORDER DATED 22/10/2021 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 22/09/2020

143

RAKESH SHAH

(PAN:ACFPM3696K)

CREDO HOLDINGS PVT.LTD.

PAN:AABCR5729H

CSB PROJECTS PVT.LTD.

PAN:AADCC6909J

PARTICIPATED IN ALLOTMENT OF SHARES WITHOUT PAYMENT OF CONSIDERATION VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) AND 4(1), 4(2)(E), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SEACOAST SHIPPING SERVICES LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 30-SEP-2024 UNTIL FURTHER ORDERS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 30-SEP-2024 UNTIL FURTHER ORDERS

RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 30-SEP-2024 UNTIL FURTHER ORDERS

DIRECTED TO IMPOUND UNLAWFUL GAIN

DIRECTED TO CREDIT/DEPOSIT AMOUNT OF UNLAWFUL GAINS IN INTEREST BEARING ESCROW ACCOUNT WITH NATIONALIZED BANK WITHIN FIFTEEN DAYS FROM DATE OF ORDER AND THE AMOUNT KEPT THEREIN NOT TO BE RELEASED WITHOUT PERMISSION FROM SEBI

DIRECTED BANKS THAT NO DEBIT SHALL BE MADE WITHOUT PERMISSION OF SEBI EXCEPT FOR THE PURPOSE OF TRANSFER OF FUNDS TO ESCROW ACCOUNT

DIRECTED DEPOSITORIES TO ENSURE THAT NO DEBITS AND/OR CREDITS MADE IN DEMAT ACCOUNTS, HELD JOINTLY OR SEVERALLY, OF ENTITIES AND PERSONS

DIRECTED BANKS AND DEPOSITORIES TO ENSURE STRICT ENFORCEMENT OF DIRECTIONS

DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY OF THEIR ASSETS / PROPERTIES / SECURITIES, TILL SUCH TIME UNLAWFUL GAINS ARE CREDITED TO ESCROW ACCOUNT

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 REGISTRAR AND TRANSFER AGENTS TO ENSURE THAT SECURITIES (INCLUDING MF UNITS) IN PHYSICAL FORM NOT TO TRANSFER /REDEEM WITHOUT CONFIRMATION OF CONCERNED STOCK EXCHANGES

30-SEP-2024

SAT: SAT VIDE ITS ORDER DATED 04/12/2024 DISPOSED OF THE APPEAL WITH DIRECTIONS TO KEEP STAY THE DIRECTIONS AT PARAGRAPH NOS.157(D), 157(E) AND 157(G) TO 157(J). NO COSTS

SAT: SAT VIDE ITS ORDER DATED 30/04/2025 GRANTED THREE DAYS TO FILE REPLY TO MISC.APPLICATION

144

RAM KISHOR PRAJAPATI

(DIN:07524405
PAN:AVOPP0495M)

GEOSHINE MINES 2 METALS LTD.

CIN:U74110UP1997PLC021979
PAN:AABCB5955D

145

RAM VISHAL PRAJAPATI

(PAN:ATEPP5173G
DIN:07072179)

GEOSHINE MINES 2 METALS LTD.

CIN:U74110UP1997PLC021979
PAN:AABCB5955D

146

RAMANUJAM SHESHARATHNAM

(PAN:AERPR6301N)

STHITHI INSURANCE SERVICES PVT.LTD.

CIN:U66030TN2003PTC051201
PAN:AAKCS6316E

ZYLOG SYSTEMS LTD.

MADE FALSE, INCORRECT AND MISLEADING DISCLOSURES ABOUT PRICE SENSITIVE INFORMATION TO STOCK EXCHANGES AND MEDIA IN MATTER OF ZYLOG SYSTEMS LTD.

ACQUIRED SHARES OF ZYLOG SYSTEMS LTD. BEYOND THRESHOLD LIMIT AS STIPULATED UNDER REGULATION 3(2) OF SEBI TAKEOVER CODE, 1997 WITHOUT MAKING OPEN OFFER

PROVIDED FUNDS TO PROMOTER ENTITY AND OTHERS FOR DEALING IN SHARES OF ZYLOG SYSTEMS LTD. VIOLATING SECTION 77(2) OF COMPANIES ACT, 1956

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 14-JUN-2021 TO 13-JUN-2023

DIRECTED ACQUIRER TO MAKE PUBLIC OFFER

DIRECTED ACQUIRER TO PAY INTEREST FOR LOSS CAUSED TO SHAREHOLDERS

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 14-JUN-2021 TO 13-JUN-2023

RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 14-JUN-2021 TO 13-JUN-2023

13-JUN-2013

SEBI VIDE ITS ORDER DATED 30/07/2015 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS AD-INTERIM EX-PARTE ORDER DATED 13/06/2013

WHOLE TIME MEMBER SEBI VIDE ITS ORDER DATED 07/06/2016 DIRECTED SEBI TO INVESTIGATE THE ALLEGATIONS PERTAINING TO TAKEOVER REGULATIONS LEVELLED AGAINST MR.RAMANUJAM SESHARATHNAM, MR.SUDARSHAN VENKATARAMAN, MR.PARTHASARATHY SRIKANTH, MS.SRIPRIYA SRIKANTH & STHITHI INSURANCE SERVICES PVT.LTD. AND ALSO ADVISED TO EXPEDITIOUSLY COMPLETE THE INVESTIGATION. NOTICEES ARE ALSO DIRECTED TO CO-OPERATE WITH SEBI IN ON-GOING INVESTIGATION AND PROVIDE ALL INFORMATION AND DOCUMENTS THAT MAY BE SOUGHT BY SEBI IN THIS REGARD

147

RAMENDRA PRASAD SHARMA

(DIN:02518373
PAN:AOBPS4499A)

GEOSHINE MINES 2 METALS LTD.

CIN:U74110UP1997PLC021979
PAN:AABCB5955D

148

RAMNARAYAN SHARMA

(PAN:EDSPS4549M)

GOLD CRUDE RESEARCH

PAN:EDSPS4549M

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

SEBI VIDE ITS ORDER DATED 30/12/2021 DIRECTED TO A) REFUND THE MONEY RECEIVED FROM CLIENTS/INVESTORS/COMPLAINTS, AS FEES OR CONSIDERATION OR IN ANY OTHER FORM, IN RESPECT OF UNREGISTERED INVESTMENT ADVISORY ACTIVITIES WITHIN THREE MONTHS FROM DATE OF THIS 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 MODALITIES FOR REFUND INCLUDING DETAILS OF CONTACT PERSON NAMES, ADDRESSES AND CONTACT DETAILS WITHIN 15 DAYS OF COMING FORCE OF THIS ORDER C) REPAYMENTS TO CLIENTS/INVESTORS TO BE EFFECTED ONLY IN CASH THROUGH BANK DEMAND DRAFT OR PAY ORDER OR ELECTRONICS FUND TRANSFER D) PREVENTED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM EXCEPT FOR THE SOLE PURPOSE OF MAKING THE REFUNDS AS DIRECTED. FURTHER, DIRECTED BANK TO ALLOW DEBIT ONLY FOR THE PURPOSE OF MAKING REFUNDS TO THE CLIENTS/INVESTORS WHO WERE AVAILING THE INVESTMENT ADVISORY SERVICES E) FILE REPORT OF SUCH COMPLETION WITH SEBI DULY CERTIFIED FROM INDEPENDENT CHARTERED ACCOUNTANTS F) DEBARRED FROM ACCESSING SECURITIES MARKET DIRECTLY OR INDIRECTLY AND ARE PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN THE SECURITIES MARKET, DIRECTLY OR INDIRECTLY IN ANY MANNER WHATSOEVER FOR ONE YEAR FROM DATE OF COMPLETION OF REFUNDS TO COMPLAINANTS/INVESTORS G) RESTRAINED FROM ASSOCIATING WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC, OR ANY INTERMEDIARY REGISTERED WITH SEBI IN ANY CAPACITY FOR ONE YEAR FROM DATE OF COMPLETION OF REFUNDS TO INVESTORS H) NOT TO UNDERTAKE, EITHER DIRECTLY OR INDIRECTLY, INVESTMENT ADVISORY SERVICES OR ANY OTHER ACTIVITY IN THE SECURITIES MARKET WITHOUT OBTAINING CERTIFICATE OF REGISTRATION FROM SEBI

SEBI VIDE ITS NOTICE DATED 15/09/2023 DIRECTED TO PAY RS.3,60,30,740.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

149

RANA SIKDAR

(DIN:06601772)

DOLPHIN INFRA POWERPROJECT LTD.

CIN:U40102JK2012PLC003531

MOBILIZED RS.1.10 CRORE THROUGH ISSUANCE OF NON-CONVERTIBLE REDEEMABLE DEBENTURES (NCRDS) BY WAY OF PRIVATE PLACEMENT TO 134 INVESTORS VIOLATING SECTIONS 56(1), 56(3), 60 AND 73 READ WITH 67 OF THE COMPANIES ACT, 1956 IN MATTER OF DOLPHIN POWERPROJECT LTD.

MOBILIZED RS.1.10 CRORE THROUGH ISSUANCE OF NON-CONVERTIBLE REDEEMABLE DEBENTURES (NCRDS) BY WAY OF PRIVATE PLACEMENT TO 134 INVESTORS VIOLATING REGULATIONS 4(2)(A) TO 4(2)(D), 5(2)(B), 6 TO 9, 12, 14, 19 AND 26 OF (ISSUE & LISTING OF DEBT SECURITIES) REGULATIONS, 2008 IN MATTER OF DOLPHIN POWERPROJECT LTD.

RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 29-AUG-2022 TO 28-AUG-2024

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 29-AUG-2022 TO 28-AUG-2024

29-AUG-2022

150

RAVIKUMAR GAURISHANKAR PATEL

(PAN:ASZPP4552H)

MISHTANN FOODS LTD.

PAN:AAACH5335G

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

PUBLISHED FALSE AND MISLEADING FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(2)(F)(I)(2), 4(2)(F)(II)(1), 4(2)(F)(II)(2), 4(2)(F)(II)(6), 4(2)(F)(II)(7), 4(2)(F)(II)(8), 4(2)(F)(III)(1), 4(2)(F)(III)(3), 4(2)(F)(III)(6), 4(2)(F)(III)(7), 4(2)(F)(III)(12) AND 4(2)(F)(III)(13) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF MISHTANN FOODS LTD.

INDULGED IN FICTITIOUS SALES AND PURCHASE TRANSACTIONS WITH MISHTANN FOODS LTD. VIOLATING REGULATIONS 4(1)(A) TO 4(1)(D), 4(1)(E) AND 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 17(1)(B), 18(1)(A), 18(1)(B) AND 18(1)(C), 19(1), 23(2), 23(4), 23(9), 30(2) READ WITH PARA A OF SCHEDULE II, 31A(2), 33(1)(C), 34(3) READ WITH SCHEDULE V AND 48 OF SEBI (LODR) REGULATIONS, 2015

INDULGED IN FICTITIOUS SALES AND PURCHASE TRANSACTIONS WITH MISHTANN FOODS LTD. VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND 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 AND SECTION 27(1) OF SEBI ACT, 1992

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

RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 05-DEC-2024 UNTIL FURTHER ORDERS

05-DEC-2024

SAT: SAT VIDE ITS ORDER DATED 31/01/2025 ALLOWED BOTH THE APPEALS HOLDING THAT DIRECTION AT 153(B) AND (C) ARE UNSUSTAINABLE AND SET ASIDE

151

RAVINDRA SHARAD SUDHALKAR

(PAN:AGGPS1926B)

RELIANCE HOME FINANCE LTD.

PAN:AAECR0305E

INDULGED IN SIPHONING OFF/DIVERSION OF FUNDS OF RHFL BY PROMOTERS AND MANAGEMENT AND RECEIPT OF MULTIPLE FRAUD MONITORING RETURNS (FMRS) FROM BANKS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(D), 4(1)(G) TO 4(1)(J), 4(2)(B) 4(2)(E), 23(2), 30(1), 30(7), 33(1) AND 51(1) OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 21 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956 IN MATTER OF RELIANCE HOME FINANCE LTD.

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 11-FEB-2022 UNTIL FURTHER ORDERS

RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 11-FEB-2022 UNTIL FURTHER ORDERS

11-FEB-2022

152

REKHABEN KANAKKUMAR PATEL

MISHTANN FOODS LTD.

PAN:AAACH5335G

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

153

RUPABEN KEVINBHAI BHATT

(PAN:BVBPB4487K)

SHIVAAY INVESTMENT

PAN:BSKPG9592A

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

MADE FALSE DECLARATION ON WEBSITE ASSURING FOR GUARANTEED ALLOTMENT IN IPOS OF COMPANIES

DIRECTED TO REFUND INVESTMENT MANAGEMENT AND ADVISORY FEES

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

DIRECTED TO ACCEPT REFUND CLAIMS/REQUESTS FROM THE PUBLIC

DIRECTED TO DEPOSIT REMAINING BALANCE AMOUNT WITH SEBI TO BE KEPT IN ESCROW ACCOUNT

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

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

ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING REFUNDS TO CLIENTS/INVESTORS/COMPLAINANTS

DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 25-OCT-2023 TO 24-OCT-2025

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-OCT-2023 TO 24-OCT-2025

RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 25-OCT-2023 TO 24-OCT-2025

DIRECTED NOT TO UNDERTAKE EITHER DIRECTLY OR INDIRECTLY INVESTMENT ADVISORY SERVICES AND/OR RESEARCH ANALYST ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING CERTIFICATE OF REGISTRATION FROM SEBI

IMPOSED PENALTY RS.6,00,000 ALONG WITH OTHER ENTITIES/PERSONS

25-OCT-2023

SEBI VIDE ITS NOTICE DATED 15/10/2024 DIRECTED TO PAY RS.6,79,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS NOTICE DATED 16/10/2024 DIRECTED TO PAY RS.2,17,40,098.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

154

S.P.SRIHARI

(PAN:AFJPS1694C)

ZYLOG SYSTEMS LTD.

SEBI VIDE ITS ORDER DATED 30/07/2015 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS AD-INTERIM EX-PARTE ORDER DATED 13/06/2013

SEBI VIDE ITS ORDER DATED 14/06/2021 DIRECTED TO A) MAKE PUBLIC OFFER WITHIN 45 DAYS OF DATE OF THIS ORDER, THROUGH A MERCHANT BANKER TO ACQUIRE THE SHARES OF THE COMPANY FROM PUBLIC SHAREHOLDERS B) PAY INTEREST @ 10% P.A. ALONG WITH OFFER PRICE FOR THE PERIOD STARTING FROM THE DATE WHEN BECAME LIABLE TO MAKE OPEN OFFER FOR THE FIRST TIME I.E. FROM 10/07/2012 TILL THE DATE OF PAYMENT OF CONSIDERATION TO THE SHAREHOLDERS WHO WERE HOLDING SHARES OF ZSL ON THE DATE OF VIOLATION AND WHOSE SHARES ARE ACCEPTED IN THE OPEN OFFER AFTER ADJUSTMENT OF DIVIDEND PAID, IF ANY C) DIRECTED BSE TO FACILITATE VALUATION OF SHARES TO BE PURCHASED D) RESTRAINED FROM ACCESSING SECURITIES MARKET INCLUDING BY ISSUING PROSPECTUS, OFFER DOCUMENT OR ADVERTISEMENT SOLICITING MONEY FROM THE PUBLIC AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER, FROM DATE OF THIS ORDER TILL EXPIRY OF TWO YEARS FROM DATE OF COMPLETION OF OPEN OFFER D) RESTRAINED FROM HOLDING THE POST OF DIRECTOR OR ANY KEY MANAGERIAL POSITION OR ASSOCIATING THEMSELVES IN ANY CAPACITY WITH ANY LISTED PUBLIC COMPANY AND ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC OR ANY INTERMEDIARY REGISTERED WITH SEBI FROM THE DATE OF THIS ORDER TILL EXPIRY OF TWO YEARS FROM DATE OF COMPLETION OF OPEN OFFER

155

SAHINDRA JAGANNATH BHAWALE

(PAN:AIAPB7130Q
DIN:07352920)

VAISHNO DEVI DAIRY PRODUCTS LTD.

MOBILIZED RS.25.00 CRORE FROM PUBLIC THROUGH ISSUANCE OF NCDS BY WAY OF PRIVATE PLACEMENT TO 185 INVESTORS VIOLATING SECTIONS 56, 60 READ WITH 2(36), 67(3), 73 AND 117C OF COMPANIES ACT, 1956 READ WITH SECTIONS 25(2) AND 465(2) OF THE COMPANIES ACT, 2013 READ WITH SEBI (ILDS) REGULATIONS, 2008

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-SEP-2024 TO 24-DEC-2024

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 25-SEP-2024 TO 24-DEC-2024

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-SEP-2024 TO 24-DEC-2024

RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 25-SEP-2024 TO 24-DEC-2024

25-SEP-2024

156

SAMEER AMIT SHAH

(PAN:FAWPS1709B)

SEACOAST SHIPPING SERVICES LTD.

PAN:AACCM2171R

PUBLISHED FALSE AND MISLEADING FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), 4(1)(E), 4(1)(G), 4(1)(H), 4(1)(J), 4(2)(E)(I), 6(1), 6(1A), 18(2), 23(2), 27(2)(A), 32, 33(1)(A), 33(1)(C), 33(3)(D), 34(2)(A) AND 48 OF THE SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SEACOAST SHIPPING SERVICES LTD.

DID NOT COMPLY WITH REGULATIONS 18(1)(D) READ WITH 16(1)(B) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SEACOAST SHIPPING SERVICES LTD.

DID NOT ADHERE TO PREPARATION OF FINANCIAL STATEMENTS AND ACCOUNTING STANDARD VIOLATING REGULATION 34(3) READ WITH CLAUSE 1 OF PARA A OF SCHEDULE V TO SEBI (LORD) REGULATIONS, 2015 IN MATTER OF SEACOAST SHIPPING SERVICES LTD.

PUBLISHED FALSE AND MISLEADING 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 IN MATTER OF SEACOAST SHIPPING SERVICES LTD.

SAT: SAT VIDE ITS ORDER DATED 06/12/2024 DISMISSED THE APPEAL WITH LIBERTY TO APPELLANTS TO RAISE ALL CONTENTIONS BEFORE THE WTM OF SEBI

SAT: SAT VIDE ITS ORDER DATED 06/05/2025 EXTENDED TIME TILL 30/09/2025

157

SAMIM REZA

(DIN:06615175)

FIIDEX INDUSTRIES LTD.

CIN:U45400WB2011PLC160414
PAN:AABCF7024P

MOBILIZED RS.1.02 CRORE FROM PUBLIC THROUGH ISSUANCE OF SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES (NCDS) BY WAY OF PRIVATE PLACEMENT TO 102 INVESTORS VIOLATING SECTIONS 56, 60 READ WITH 2(36), 67(3) READ WITH 465 OF COMPANIES ACT, 2013

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 22-JAN-2025 TO 21-JAN-2028

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 22-JAN-2025 TO 21-JAN-2028

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 22-JAN-2025 TO 21-JAN-2028

RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 22-JAN-2025 TO 21-JAN-2028

22-JAN-2025

158

SANTANU CHAKRABORTY

(DIN:02403146)

BASIL INTERNATIONAL LTD.

PAN:AACCB0938K

MOBILIZED RS.9.35 CRORE FROM PUBLIC THROUGH ISSUANCE OF REDEEMABLE PREFERENCE SHARES (RPS) BY WAY OF PRIVATE PLACEMENT TO 5,180 INVESTORS VIOLATING SECTIONS 56, 60 READ WITH 2(36), 67(1) TO 67(3) AND 73(1) TO 73(3) OF COMPANIES ACT, 1956

MOBILIZED RS.9.35 CRORE FROM PUBLIC THROUGH ISSUANCE OF REDEEMABLE PREFERENCE SHARES (RPS) BY WAY OF PRIVATE PLACEMENT TO 5,180 INVESTORS VIOLATING REGULATION 16(1) OF SEBI (ISSUE AND LISTING OF NCRPS) REGULATIONS, 2013

DIRECTED TO REFUND MONEY COLLECTED THROUGH ISSUANCE OF REDEEMABLE PREFERENCE SHARES (RPS) INCLUDING APPLICATION MONEY ALONGWITH INTEREST @15% PER ANNUM

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

DIRECTED BANKS THAT NO DEBIT SHALL BE MADE WITHOUT PERMISSION OF SEBI

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

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

DIRECTED TO SUBMIT REPAYMENT REPORT TO SEBI CERTIFIED BY TWO INDEPENDENT CHARTERED ACCOUNTANTS WHO ARE IN PANEL OF ANY PUBLIC AUTHORITY OR PUBLIC INSTITUTION

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 29-FEB-2024 TO 28-FEB-2025

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 29-FEB-2024 TO 28-FEB-2025

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 29-FEB-2024 TO 28-FEB-2025

RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 29-FEB-2024 TO 28-FEB-2025

29-FEB-2024

SEBI VIDE ITS NOTICE DATED 15/04/2025 DIRECTED TO PAY RS.9,35,00,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

159

SARANG WADHAWAN

(PAN:AAAPW2530R)

WADHAWAN CONSOLIDATED HOLDINGS PVT.LTD.

PAN:AACCD2944F

WADHAWAN GLOBAL CAPITAL PVT.LTD.

PAN:AAACW9811G

WADHAWAN HOLDINGS PVT.LTD.

CIN:U74999MH2002PTC135601
PAN:AAACW5001G

WADHAWAN RETAIL VENTURES PVT.LTD.

PAN:AAACW6632R

INDULGED IN MANIPULATION/FALSIFICATION IN BOOKS OF ACCOUNTS VIOLATING SECTION 12A (A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO (D), 4(1) & 4(2)(F), (K) AND (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.

SEBI VIDE ITS ORDER DATED 22/10/2021 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 22/09/2020

160

SARFRAJ ALI

(PAN:AULPA2242F)

STARBURST RESEARCH

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION