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 NOT TO DEAL IN SECURITIES OR INSTRUMENT WITH INDIAN SECURITIES AS UNDERLYING, IN ANY MANNER WHATSOEVER

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

ALKA INDIA LTD.

(PAN:AABCA6702F)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

DIRECTED NOT TO DEAL IN SECURITIES OR INSTRUMENT WITH INDIAN SECURITIES AS UNDERLYING, IN ANY MANNER WHATSOEVER FROM 21-SEP-2011 TO 20-SEP-2016

DIRECTED NSDL AND CDSL TO FREEZE BENEFICIAL OWNER ACCOUNTS OF PERSONS/ENTITIES

DIRECTED BSE AND NSE TO PERMIT MEMBERS TO SQUARE OFF THEIR EXISTING OPEN POSITIONS IF ANY, IN F&O SEGMENT AND ENSURE THAT NO FRESH POSITIONS ARE CREATED

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 21-SEP-2011 TO 20-SEP-2016

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 21-SEP-2011 TO 20-SEP-2016

21-SEP-2011

ASIA TEXX ENTERPRISES LTD.

DID NOT MAKE DISLOSURE OF RELATED PARTY TRANSACTION TO SEBI IN MATTER OF ISSUANCE OF GDRS OF CALS REFINERIES LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-DEC-2014 TO 30-DEC-2024

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-DEC-2014 TO 30-DEC-2024

DIRECTED NOT TO DEAL IN SECURITIES OR INSTRUMENT WITH INDIAN SECURITIES AS UNDERLYING, IN ANY MANNER WHATSOEVER FROM 31-DEC-2014 TO 30-DEC-2024

DIRECTED TO DISGORGE RS.5,82,64,79,600 ALONG WITH OTHER ENTITIES/PERSONS

31-DEC-2014

SAT: SAT VIDE ITS ORDER DATED 12/07/2019 UPHELD IMPUGNED ORDER DATED 31/12/2014 AND DISMISSED BOTH THE APPEALS. NO COSTS. DIRECTED APPELLANTS TO JOINTLY AND SEVERALLY PAY SEBI US$ 92 MILLION ALONGWITH SIMPLE INTEREST @ 6% PA. FROM 27/03/2019 TILL DATE OF PAYMENT WITHIN 30 DAYS FROM DATE OF THIS ORDER

SEBI VIDE ITS NOTICE DATED 05/11/2019 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL AND/OR MUTUAL FUNDS TO 1. ATTACH ALL THE ACCOUNTS (INCLUDING MUTUAL FUNDS) BY WHATEVER NAME CALLED INCLUDING LOCKERS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED

BASMATI SECURITIES PVT.LTD.

(PAN:AAACB4324K)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

SEBI VIDE ITS ORDER DATED 25/04/2012 MODIFIED ITS DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 21/09/2011 TO THE LIMITED EXTENT BY ALLOWING TO SELL SECURITIES HELD IN ITS DEPOSITORY ACCOUNTS AND DEPOSIT THE SALE PROCEEDS IN BANK FIXED DEPOSIT EARNING INTEREST. FURTHER IT SHALL NOT BE ALLOWED TO WITHDRAW ANY MONIES INCLUDING INTEREST THEREON WITHOUT PRIOR PERMISSION OF SEBI

SAT: 1) SAT VIDE ITS ORDER DATED 09/05/2014 CONDONED THE DELAY OF 725 DAYS IN FILING OF APPEAL. 2) SAT VIDE ITS ORDER DATED 09/05/2014 DIRECTED BASMATI SECURITIES PVT.LTD. TO FILE REPLY ON OR BEFORE 25/06/2014 AND DIRECTED SEBI TO PASS FINAL ORDER ON OR BEFORE 20/09/2014. NO COSTS

CHERRY COSMETICS PVT.LTD.

(PAN:AAACC4789R)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 19-SEP-2014 TO 18-SEP-2019

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 19-SEP-2014 TO 18-SEP-2019

DIRECTED NOT TO DEAL IN SECURITIES OR INSTRUMENT WITH INDIAN SECURITIES AS UNDERLYING, IN ANY MANNER WHATSOEVER FROM 19-SEP-2014 TO 18-SEP-2019

19-SEP-2014

SAT: SAT VIDE ITS ORDER DATED 22/11/2016 ALLOWED THE APPEALS TO BE WITHDRAWN WITH LIBERTY TO FILE FRESH APPEALS WITHIN FOUR WEEKS FROM THE DATE OF THIS ORDER. NO COSTS

DELIGHT FINANCIAL ADVISORS LTD.

(PAN:AACCD7366D)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

EDELWEISS ESTATES PVT.LTD.

(PAN:AABCE1275F)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

EXCEL PAINTS PVT.LTD.

(PAN:AAACE2875N)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

HONOR FINANCE LTD.

SIGNED CREDIT AGREEMENT WITH BONCO TO AVAIL A LOAN OF US $200 MILLION TO SUBSCRIBE GDRS ISSUE OF CALS REFINERIES LTD.

INDIA FOCUS CARDINAL FUND

(PAN:AABCI9518D)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

DIRECTED NOT TO DEAL IN SECURITIES OR INSTRUMENT WITH INDIAN SECURITIES AS UNDERLYING, IN ANY MANNER WHATSOEVER FROM 21-SEP-2011 TILL FURTHER ORDERS

DIRECTED NSDL AND CDSL TO FREEZE BENEFICIAL OWNER ACCOUNTS OF PERSONS/ENTITIES

DIRECTED BSE AND NSE TO PERMIT MEMBERS TO SQUARE OFF THEIR EXISTING OPEN POSITIONS IF ANY, IN F&O SEGMENT AND ENSURE THAT NO FRESH POSITIONS ARE CREATED

21-SEP-2011

SAT: SAT VIDE ITS ORDER DATED 21/11/2011 DIRECTED SEBI TO CONCLUDE INVESTIGATIONS BEFORE THE END OF FEBRUARY 2012.IN THE MEANWHILE APPLLANT ALLOWED TO SELL ALL THE SECURITIES HELD BY IT AS ENLISTED IN THE EXHIBITS 'G' AND 'J' TO THE APPEAL. SALE PROCEEDS THEREFROM SHALL BE DEPOSITED IN THE FIXED DEPOSIT WITH ICICI BANK EARNING INTEREST WITH NO ORDER AS TO COSTS.

SEBI VIDE ITS ORDER DATED 30/12/2011 DIRECTED THAT THE DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 21/09/2011, AS MODIFIED BY SAT VIDE ITS ORDER DATED 30/12/2011 SHALL CONTINUE TO REMAIN IN FORCE TILL FURTHER DIRECTIONS

INDIA FOCUS CARDINAL FUND

(PAN:AABCI9518D)

INDULGED IN FINANCING OF OWN GDR ISSUE AND MISLED INVESTORS BY MAKING FALSE DISCLOSURES TO SEBI VIOLATING REGULATIONS 3(A) TO 3(D) & 4(1) & 4(2)(A), 4(2)(C) AND 4(2)(E) OF PFUTP REGULATIONS, 2003 IN MATTER OF GDR ISSUES IN ASAHI INFRASTRUCTURE & PROJECTS LTD., AVON CORP.LTD., CAT TECHNOLOGIES LTD., IKF TECHNOLOGIES LTD., K SERA SERA LTD. AND MAARS SOFTWARE INTERNATIONAL LTD.

DID NOT PROVIDE CORRECT INFORMATION AND CONCEALED MATERIAL INFORMATION FROM SEBI IN MATTER OF GDR ISSUES OF ASAHI INFRASTRUCTURE & PROJECTS LTD., AVON CORP.LTD., CAT TECHNOLOGIES LTD., IKF TECHNOLOGIES LTD., K SERA SERA LTD. AND MAARS SOFTWARE INTERNATIONAL LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 05-SEP-2017 TO 20-SEP-2017

DIRECTED NOT TO DEAL IN SECURITIES OR INSTRUMENT WITH INDIAN SECURITIES AS UNDERLYING, IN ANY MANNER WHATSOEVER FROM 05-SEP-2017 TO 20-SEP-2017

05-SEP-2017

INDRAVARUN TRADE IMPEX PVT.LTD.

(PAN:AACCI3088H)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

JMP SECURITIES PVT.LTD.

(PAN:AAACJ8850C)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

SEBI VIDE ITS ORDER DATED 11/05/2012 MODIFIED ITS DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 21/09/2011 TO THE LIMITED EXTENT BY ALLOWING TO SELL SECURITIES HELD IN ITS DEPOSITORY ACCOUNTS AND DEPOSIT THE SALE PROCEEDS IN BANK FIXED DEPOSIT EARNING INTEREST. FURTHER IT SHALL NOT BE ALLOWED TO WITHDRAW ANY MONIES INCLUDING INTEREST THEREON WITHOUT PRIOR PERMISSION OF SEBI

SAT: APPEAL DISPOSED OFF. NO COSTS

KII LTD.

(PAN:AACCK8021E)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

SEBI VIDE ITS ORDER DATED 23/01/2013 MODIFIED ITS DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 21/09/2011 BY PERMITTING KII LTD. TO SELL ITS SECURITIES HELD IN ITS DEMAT ACCOUNTS AND DEPOSIT SALE PROCEEDS WITH ANY SCHEDULE BANK

MAVI INVESTMENT FUND LTD.

(PAN:AAECM5148A)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

SEBI VIDE ITS ORDER DATED 25/01/2012 MODIFIED ITS DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 21/09/2011 TO THE LIMITED EXTENT BY ALLOWING TO SELL SECURITIES HELD IN ITS DEPOSITORY ACCOUNTS AND DEPOSIT THE SALE PROCEEDS IN BANK FIXED DEPOSIT EARNING INTEREST. FURTHER IT SHALL NOT BE ALLOWED TO WITHDRAW ANY MONIES INCLUDING INTEREST THEREON WITHOUT PRIOR PERMISSION OF SEBI

SAT: AS PER STATEMENT MADE BY BOARD, BOARD WILL CONSIDER THE REQUEST OF THE APPELLANT WITHIN A PERIOD OF TWO WEEKS FROM 10/08/2012 FOR PERMISSION TO SELL THE SHARES

NEWGEN INTERNATIONAL PVT.LTD.

(PAN:AACCN3776H)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

OUDH FINANCE & INVESTMENTS PVT.LTD.

(PAN:AAACO3597K)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

SEBI VIDE ITS ORDER DATED 25/04/2012 MODIFIED ITS DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 21/09/2011 TO THE LIMITED EXTENT BY ALLOWING TO SELL SECURITIES HELD IN ITS DEPOSITORY ACCOUNTS AND DEPOSIT THE SALE PROCEEDS IN BANK FIXED DEPOSIT EARNING INTEREST. FURTHER IT SHALL NOT BE ALLOWED TO WITHDRAW ANY MONIES INCLUDING INTEREST THEREON WITHOUT PRIOR PERMISSION OF SEBI

SAT: SAT VIDE ITS ORDER DATED 08/04/2014 DIRECTED SEBI TO ISSUE A SHOW CAUSE NOTICE TO APPELLANT WITHIN A PERIOD OF FOUR WEEKS FROM DATE OF THIS ORDER AND APPELLANT SHALL FILE THEIR REPLY WITH A PERIOD OF FOUR WEEKS OF RECEIVING THE SHOW CAUSE NOTICE. DIRECTED SEBI TO PASS FINAL ORDER WITHIN A PERIOD OF THREE MONTHS FROM THE DATE OF RECEIVING REPLY TO SHOW CAUSE NOTICE

SOPHIA GROWTH

(PAN:AABCI9518D)

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

SEBI VIDE ITS ORDER DATED 17/05/2012 MODIFIED ITS DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 21/09/2011 TO THE LIMITED EXTENT BY ALLOWING TO SELL SECURITIES HELD IN ITS DEPOSITORY ACCOUNTS AND DEPOSIT THE SALE PROCEEDS IN BANK FIXED DEPOSIT EARNING INTEREST. FURTHER IT SHALL NOT BE ALLOWED TO WITHDRAW ANY MONIES INCLUDING INTEREST THEREON WITHOUT PRIOR PERMISSION OF SEBI

SEBI VIDE ITS ORDER DATED 05/05/2017 REVOKED THE DIRECTIONS ISSUED VIDE INTERIM ORDER AS MODIFIED VIDE ORDER DATED 17/05/2012 WITH IMMEDIATE EFFECT

SV ENTERPRISES

(PAN:ACRPP5552H)

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SARFARAZKHAN SARVARKHAN PATHAN

PAN:ACRPP5552H

INDULGED IN CANCELLATION OF GDRS FOR CONVERTING THEM INTO NORMAL SHARES TO SELL IN INDIAN MARKET

DID NOT CO-OPERATE WITH SEBI IN INSPECTION

SEBI VIDE ITS ORDER DATED 19/09/2014 PROHIBITED NOTICEES FROM ACCESSING THE CAPITAL MARKET DIRECTLY OR INDIRECTLY, AND DEALING IN SECURITIES OR INSTRUMENTS WITH INDIAN SECURITIES AS UNDERLYING, IN ANY MANNER WHATSOEVER, FOR A PERIOD OF FIVE YEARS

VINTAGE FZE

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(C) TO 3(D) & 4(2)(A), 4(2)(C), 4(2)(F) AND 4(2)(K) OF PFUTP REGULATIONS, 2003 IN MATTER OF GDR ISSUES OF ASAHI INFRASTRUCTURE & PROJECTS LTD., AVON CORP.LTD., CAT TECHNOLOGIES LTD., IKF TECHNOLOGIES LTD., K SERA SERA LTD. AND MAARS SOFTWARE INTERNATIONAL LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 05-SEP-2017 TO 04-SEP-2027

DIRECTED NOT TO DEAL IN SECURITIES OR INSTRUMENT WITH INDIAN SECURITIES AS UNDERLYING, IN ANY MANNER WHATSOEVER FROM 05-SEP-2017 TO 04-SEP-2027

05-SEP-2017

The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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

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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE � PRESS RELEASES/ CHAIRMAN�S AND MEMBER�S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADSUPDATED TILL : 03-JUL-2025

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DISCLAIMER BY NSE

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