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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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