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SOURCE OF INFORMATION

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 LAW FIRM TO FILE QUARTERLY REPORT WITH BOARD OF RANA SUGARS LTD. DETAILING PROGRESS IN RECOVERY PROCESS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person RANA SUGARS LTD.

(PAN:AABCR6744C)  
  DID NOT PERSONALLY APPEAR AND/OR PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF RANA SUGAR LTD.

INDULGED IN SIPHONING OFF/DIVERSION OF FUNDS TO ITS PROMOTERS AND THEIR FAMILY MEMBERS THROUGH CONDUIT ENTITIES VIOLATING SECTIONS 12A(B) AND 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(C), 3(D), 4(1), 4(2)(F) AND 4(2)(K) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RANA SUGAR LTD.

DID NOT ADHERE TO ANNUAL REPORT SPECIFIED IN COMPANIES ACT, 2013 VIOLATING REGULATION 34(3) OF SEBI (LODR) REGULATIONS, 2015

INDULGED IN SIPHONING OFF/DIVERSION OF FUNDS TO PROMOTERS AND THEIR FAMILY MEMBERS THROUGH CONDUIT ENTITIES 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), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTIONS 27(1) AND 27(2) OF SEBI ACT, 1992 IN MATTER OF RANA SUGAR LTD.   		DIRECTED TO TAKE NECESSARY STEPS TO RECOVER ENTIRE DUES

DIRECTED TO APPOINT INDEPENDENT LAW FIRM

DIRECTED TO EXTEND ALL NECESSARY ASSISTANCE AND AUTHORIZATION TO LAW FIRM

DIRECTED LAW FIRM TO FILE QUARTERLY REPORT WITH BOARD OF RANA SUGARS LTD. DETAILING PROGRESS IN RECOVERY PROCESS

DIRECTED TO PLACE EVERY ANNUAL GENERAL MEETING UPDATED DETAILED REPORT ON THE RECOVERY PROCESS UNDERTOOK BY NOTICEE AND/OR ITS SUBSIDIARIES

IMPOSED PENALTY RS.7,00,00,000

27-AUG-2024 		SAT: SAT VIDE ITS ORDER DATED 06/01/2025 GRANTED APPELLANTS A WEEK’S TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 15/01/2025 ALLOWED THE EXEMPTION APPLICATION AND GRANTED EARLIER INTERIM PROTECTION TO BE CONTINUE TILL NEXT DATE OF HEARING  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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