| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
NIKITA SRIVASTAVA
(PAN:BAZPM2614N)
|
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|
DRONEACHARYA AERIAL INNOVATIONS LTD.
PAN:AAGCD0701L
|
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ISSUED MISLEADING AND FALSE CORPORATE ANNOUNCEMENT TO INVESTORS VIOLATING REGULATIONS 4(1)(C) TO 4(1)(E), 4(1)(G) AND 4(1)(H)OF SEBI (LODR) REGULATIONS, 2015 READ WITH 30(1), 30(3), 30(4(, 30(7), 30(8) AND 30(10) OF SEBI (LODR) REGULATIONS, 2015 AND SCHEDULE III PART A PARA B (1), (2), (4) AND SCHEDULE III PART A PARA C OF SEBI (LODR) REGULATIONS, 2015 AND CIRCULAR NO.CIR/CFD/CMD/4/2015 DATED 09/09/2015
MIS-REPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1), 33(1)(A), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF DRONEACHARYA AERIAL INNOVATIONS LTD.
MADE INCORRECT DISCLOSURES OF DEVIATION IN IPO PROCEEDS VIOLATING REGULATION 32 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF DRONEACHARYA AERIAL INNOVATIONS LTD.
DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTIONS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), 4(1)(H), 4(1)(I), 4(2)(E)(I) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF DRONEACHARYA AERIAL INNOVATIONS LTD.
MIS-UTILISED OF IPO PROCEEDS AS PER THE OBJECTS STATED IN THE PROSPECTUS VIOLATING REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(A) AND 4(2)(E) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DRONEACHARYA AERIAL INNOVATIONS LTD.
DID NOT MAKE DISCLOSURE OF QUOTATION OF SOFTWARE IN PROSPECTUS VIOLATING REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(A) AND 4(2)(E) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DRONEACHARYA AERIAL INNOVATIONS LTD.
MIS-REPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DRONEACHARYA AERIAL INNOVATIONS LTD.
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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 28-NOV-2025 TO 27-NOV-2027
RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM FROM 28-NOV-2025 TO 27-NOV-2027
ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING PAYMENT OF PENALTY
IMPOSED PENALTY RS.20,00,000
28-NOV-2025
|
SAT: SAT VIDE ITS ORDER DATED 19/12/2025 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER IF ANY BE FILED WITHIN TWO WEEKS THEREAFTER. STAYED RECOVERY SUBJECT TO DEPOSIT 50% PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 2 |
|
|
PRATEEK SRIVASTAVA
(PAN:CJCPS9105B)
|
|
|
|
DRONEACHARYA AERIAL INNOVATIONS LTD.
PAN:AAGCD0701L
|
|
ISSUED MISLEADING AND FALSE CORPORATE ANNOUNCEMENT TO INVESTORS VIOLATING REGULATIONS 4(1)(C) TO 4(1)(E), 4(1)(G) AND 4(1)(H)OF SEBI (LODR) REGULATIONS, 2015 READ WITH 30(1), 30(3), 30(4(, 30(7), 30(8) AND 30(10) OF SEBI (LODR) REGULATIONS, 2015 AND SCHEDULE III PART A PARA B (1), (2), (4) AND SCHEDULE III PART A PARA C OF SEBI (LODR) REGULATIONS, 2015 AND CIRCULAR NO.CIR/CFD/CMD/4/2015 DATED 09/09/2015
MIS-REPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1), 33(1)(A), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF DRONEACHARYA AERIAL INNOVATIONS LTD.
MADE INCORRECT DISCLOSURES OF DEVIATION IN IPO PROCEEDS VIOLATING REGULATION 32 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF DRONEACHARYA AERIAL INNOVATIONS LTD.
DID NOT MAKE DISCLOSURE OF RELATED PARTY TRANSACTIONS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), 4(1)(H), 4(1)(I), 4(2)(E)(I) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF DRONEACHARYA AERIAL INNOVATIONS LTD.
MIS-UTILISED OF IPO PROCEEDS AS PER THE OBJECTS STATED IN THE PROSPECTUS VIOLATING REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(A) AND 4(2)(E) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DRONEACHARYA AERIAL INNOVATIONS LTD.
DID NOT MAKE DISCLOSURE OF QUOTATION OF SOFTWARE IN PROSPECTUS VIOLATING REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(A) AND 4(2)(E) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DRONEACHARYA AERIAL INNOVATIONS LTD.
MIS-REPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DRONEACHARYA AERIAL INNOVATIONS 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 28-NOV-2025 TO 27-NOV-2027
RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM FROM 28-NOV-2025 TO 27-NOV-2027
ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING PAYMENT OF PENALTY
IMPOSED PENALTY RS.20,00,000
28-NOV-2025
|
SAT: SAT VIDE ITS ORDER DATED 19/12/2025 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER IF ANY BE FILED WITHIN TWO WEEKS THEREAFTER. STAYED RECOVERY SUBJECT TO DEPOSIT 50% PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 3 |
|
|
SANDEEP GHATE
(PAN:AACPG0447M)
|
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|
INSTAFIN FINANCIAL ADVISORS LLP
PAN:AAGFI3779L
|
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AIDED AND ABETTED IN EXECUTION OF FRAUDULENT SCHEME VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(A) TO 3(D), 4(1), 4(2)(K) AND 4(2)(R) READ WITH 2(1)(B) AND 2(1)(C) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DRONEACHARYA AERIAL INNOVATIONS 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 28-NOV-2025 TO 27-NOV-2027
RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM FROM 28-NOV-2025 TO 27-NOV-2027
ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING PAYMENT OF PENALTY
IMPOSED PENALTY RS.10,00,000
28-NOV-2025
|
SAT: SAT VIDE ITS ORDER DATED 18/12/2025 GRANTED RESPONDENT SIX WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. OPERATION OF IMPUGNED ORDER TO REMAIN STAYED SUBJECT TO DEPOSIT OF 50% PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
