| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
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ADD-SHOP E-RETAIL LTD.
(PAN:AAMCA0240P)
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DEV PANDYA
PAN:CALPP1419F
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DEVIBEN PANDYA
PAN:CALPP1418E
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DINESHBHAI PANDYA
PAN:AMKPP2718A
|
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JAYSHREE PANDYA
PAN:AVXPP0592L
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JIGAR PANDYA
PAN:DCQPP7277D
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PUBLISHED FALSE AND MISLEADING FINANCIAL STATEMENTS 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 IN MATTER OF ADD-SHOP E-RETAIL LTD. AND WHITE ORGANICS AGRO LTD.
PUBLISHED FALSE AND MISLEADING FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1), 4(2)(E), 4(2)(F)(I)(2), 4(2)(F)(II)(2), 4(2)(F)(II)(6) 4(2)(F)(II)(7), 4(2)(F)(II)(8), 4(2)(F)(III)(7), 18(2), 23(2), 33(1)(A), 33(1)(C), 34(3) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 27 OF SEBI ACT, 1992 IN MATTER OF ADD-SHOP E-RETAIL LTD. AND WHITE ORGANICS AGRO LTD.
ISSUED UNTRUE CERTIFICATES WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF ADD-SHOP E-RETAIL LTD. AND WHITE ORGANICS AGRO 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 06-MAY-2024 TILL FURTHER ORDERS
DIRECTED TO CONSTITUTE NEW AUDIT COMMITTEES AND PLACE THE COPY OF THIS ORDER BEFORE THEM
DIRECTED NEW AUDIT COMMITTEES TO ENSURE THAT ADD-SHOP E-RETAIL LTD. AND WHITE ORGANIC AGRO LTD. COMPLY WITH OTHER REQUIREMENTS UNDER LODR REGULATIONS, 2015
06-MAY-2024
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| 2 |
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MISHTANN FOODS LTD.
(PAN:AAACH5335G)
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BHARATBHAI JETHABHAI PATEL
PAN:BITPP3746E
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DEVALKUMAR BHARATBHAI PATEL
PAN:CSYPP6285L
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HITESHKUMAR GAURISHANKAR PATEL
PAN:ASZPP4210E
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JATINBHAI RAMANBHAI PATEL
PAN:AWRPP3066G
|
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KANAKKUMAR VINODBHAI PATEL
PAN:EUWPP8468M
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MANJULABEN GAURISHANKAR PATEL
|
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NAVINCHANDRA DAHYALAL PATEL
PAN:AHKPP9016G
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NIKITABEN DEVALBHAI PATEL
PAN:CCEPP0198L
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RAVIKUMAR GAURISHANKAR PATEL
PAN:ASZPP4552H
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REKHABEN KANAKKUMAR PATEL
|
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SURENDRA KUMAR YADAV
PAN:AOBPY4416K
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TEJAL RAVIKUMAR PATEL
PAN:BEUPP6389A
|
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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
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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
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| 3 |
|
|
SEACOAST SHIPPING SERVICES LTD.
(PAN:AACCM2171R)
|
|
|
|
ANKITA SONI
PAN:DIKPS0065J
|
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APURV PATEL
PAN:EJOPP6392D
|
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CHERYL SHAH
PAN:AWJPS0540A
|
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DEEP SHAH
PAN:DWBPS3733L
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JAYDEEP SHAH
PAN:BSCPS4008R
|
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MANISH R.SHAH
PAN:AVUPS3273N
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PARIN SHAH
PAN:GUIPS3791C
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PARTH A.PATEL
PAN:CBDPP9586J
|
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PAWANSUT SWAMI
PAN:CCSPS3205B
|
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SAMEER AMIT SHAH
PAN:FAWPS1709B
|
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SHAIL SHAH
PAN:HAMPS6706J
|
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SHIVANGI GAJJAR
PAN:ASRPG2005J
|
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SUSHIL SANJOT
PAN:ASEPS9658L
|
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VINAY KUMAR JAIN
PAN:APIPJ8654G
|
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VIPUL MOMAYA
PAN:ADBPM0538M
|
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VIREN MAKWANA
PAN:CJXPM6600E
|
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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.
MADE PAYMENTS TOWARDS FICTITIOUS PURCHASES BY DIVERTING RS.43.42 CRORE FROM RIGHTS ISSUE FUNDS AND RS.10.83 CRORE FROM CASH CREDIT FACILITY AVAILED FROM INDUSIND BANK 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
DID NOT INCLUDE STATEMENT ON IMPACT OF AUDIT QUALIFICATIONS AND MISLED SHAREHOLDERS THAT THERE WERE NO AUDIT QUALIFICATIONS VIOLATING REGULATIONS 4(2)(F), 4(2)(K) AND 4(2)(R) OF THE SEBI (PFUTP) REGULATIONS, 2003
MADE FALSE AND MISLEADING DISCLOSURES REGARDING BUSINESS BEING CARRIED OUT AND MISLED INVESTORS VIOLATING REGULATIONS 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003
MADE FALSE AND MISLEADING DISCLOSURES REGARDING INVESTMENT IN STARCHART AND MISLED INVESTORS VIOLATING REGULATIONS 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003
MADE FALSE AND MISLEADING DISCLOSURES WITH REFERENCE TO INDEPENDENCE OF MR.SUNIL SANJOT AND CONSTITUTION OF AUDIT COMMITTEE VIOLATING REGULATIONS 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003
MADE FALSE AND MISLEADING DISCLOSURES REGARDING AUDIT COMMITTEE MEETINGS BEING HELD IN COMPANY VIOLATING REGULATIONS 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003
PUBLISHED FALSE AND MISLEADING FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(C), 4(1)(E), 4(1)(G), 4(1)(H), 4(1)(J), AND 4(2)(E)(I) OF SEBI (LODR) REGULATIONS, 2015
DID NOT ADHERE TO ACCOUNTING STANDARD IND AS 1 (PRESENTATION OF FINANCIAL STATEMENTS) AND IND AS7 (STATEMENTS OF CASH FLOWS) VIOLATING REGULATIONS 4(1)(A), 4(1)(B), 4(2)(E)(I), 33(1)(A), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015
DID NOT MAKE DISCLOSURE OF UTILIZATION OF FUNDS RAISED THROUGH PREFERENTIAL ALLOTMENT AS REQUIRED UNDER REGULATION 32(7A) OF SEBI (LODR) REGULATIONS, 2015
DID NOT INCLUDE STATEMENT ON IMPACT OF AUDIT QUALIFICATIONS AND MISLED SHAREHOLDERS THAT THERE WERE NO AUDIT QUALIFICATIONS VIOLATING REGULATIONS 4(1)(C), 33(3)(D) AND 34(2)(A) OF SEBI (LODR) REGULATIONS, 2015
MADE FALSE AND MISLEADING DISCLOSURES REGARDING BUSINESS BEING CARRIED OUT AND MISLED INVESTORS VIOLATING REGULATION 4(1)(C) OF SEBI (LODR) REGULATIONS, 2015
MADE FALSE AND MISLEADING DISCLOSURES REGARDING INVESTMENT IN STARCHART AND MISLED INVESTORS VIOLATING REGULATION 4(1)(C) OF SEBI (LODR) REGULATIONS, 2015
MADE WRONG DISCLOSURES OF RELATED PARTY TRANSACTIONS PARA 18 OF IND AS 24 (RELATED PARTY DISCLOSURES) VIOLATING REGULATION 34(3) READ WITH CLAUSE 1 OF PARA A OF SCHEDULE V TO SEBI (LODR) REGULATIONS, 2015
MADE WRONG DISCLOSURES OF RELATED PARTY TRANSACTIONS IND AS 24 (RELATED PARTY DISCLOSURES) VIOLATING REGULATIONS 4(1)(A), 4(1)(B), 4(2)(E)(I) AND 48 OF SEBI (LODR) REGULATIONS, 2015
DID NOT CONSTITUTE AUDIT COMMITTEE PROPERLY VIOLATING REGULATION 18(1)(D) READ WITH 16(1)(B) OF SEBI (LODR) REGULATIONS, 2015
MADE WRONG AND MISLEADING DISCLOSURES WITH REFERENCE TO INDEPENDENCE OF MR.SUNIL SANJOT AND CONSTITUTION OF AUDIT COMMITTEE VIOLATING REGULATION 4(1)(C) OF SEBI (LODR) REGULATIONS, 2015
DID NOT CONVENE AUDIT COMMITTEE MEETINGS VIOLATING REGULATION 18(2) OF SEBI (LODR) REGULATIONS, 2015
MADE FALSE AND MISLEADING DISCLOSURES REGARDING AUDIT COMMITTEE MEETINGS BEING HELD IN COMPANY VIOLATING REGULATION 4(1)(C) OF SEBI (LODR) REGULATIONS, 2015
DID NOT OBTAIN PRIOR APPROVAL OF AUDIT COMMITTEE FOR RELATED PARTY TRANSACTIONS ENTERED BY COMPANY VIOLATING REGULATION 23(2) OF SEBI (LODR), 2015
DID NOT FILL VACANCY OF COMPLIANCE OFFICER VIOLATING REGULATIONS 6(1) AND 6(1A) OF SEBI (LODR) REGULATIONS, 2015
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 30-SEP-2024 UNTIL FURTHER ORDERS
DIRECTED TO BRING BACK MONEY PERTAINING TO RIGHTS ISSUE PROCEEDS AND CASH CREDIT FACILITY DIVERTED FROM COMPANY
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 SEACOAST SHIPPING SERVICES LTD. COMPLY WITH OTHER REQUIREMENTS UNDER LODR REGULATIONS, 2015
DIRECTED BSE NOT TO APPROVE ANY RIGHTS ISSUE APPLICCATION FILE BY 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
30-SEP-2024
|
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 30/04/2025 GRANTED THREE DAYS TO FILE REPLY TO MISC.APPLICATION
|
| 4 |
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WHITE ORGANIC AGRO LTD.
(PAN:AAACW0337R)
|
|
|
PUBLISHED FALSE AND MISLEADING FINANCIAL STATEMENTS 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 IN MATTER OF ADD-SHOP E-RETAIL LTD. AND WHITE ORGANICS AGRO LTD.
PUBLISHED FALSE AND MISLEADING FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1), 4(2)(E), 3(1)(A), 33(1)(C), 34(3) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 27 OF SEBI ACT, 1992 IN MATTER OF ADD-SHOP E-RETAIL LTD. AND WHITE ORGANICS AGRO 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 06-MAY-2024 TILL FURTHER ORDERS
DIRECTED TO CONSTITUTE NEW AUDIT COMMITTEES AND PLACE THE COPY OF THIS ORDER BEFORE THEM
DIRECTED NEW AUDIT COMMITTEES TO ENSURE THAT ADD-SHOP E-RETAIL LTD. AND WHITE ORGANIC AGRO LTD. COMPLY WITH OTHER REQUIREMENTS UNDER LODR REGULATIONS, 2015
06-MAY-2024
|
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| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
