For full copy of order against ABDULMONIM A.ANDANI, click here.

For full copy of order against AKSHAY ASHWIN PARIKH, click here.

For full copy of order against MAGANBHAI M.PATEL, click here.

For full copy of order against NIPAR FINANCIAL SERVICES LTD., click here.

For full copy of order against NITIN HASMUKH PARIKH, click here.

For full copy of order against RASHMIKANT A.THAKKAR, click here.

For full copy of order against SHOBHAG R.SHAH, click here.

For full copy of order against YASHWANT A.THAKKAR, click here.

PRESS RELEASE - SEBI

July 26, 2004
PR No. 173/2004

Orders passed in the matter of public issue of 

M/s.Growmore Solvents Ltd.(GSL)

The Securities and Exchange Board of India (SEBI) has debarred Shri Maganbhai M Patel, Shri Abdulmonim A. Andani and Shri Shobhag R. Shah, Directors of M/s.Growmore Solvents Ltd.(GSL) from buying, selling or dealing in securities, in any manner whatsoever, for a period of three years. GSL had come out with public issue during 1994. The public issue was undersubscribed and an illusion of subscription was created by these Directors. 
 
SEBI has also debarred Shri Yashwant Thakkar and Shri Rashmikant Thakkar, Directors of Amrapali Spinning Mills Ltd. from buying, selling or dealing in securities, in any manner whatsoever, for a period of one year for acting in concert with the promoters of Growmore Solvents Ltd. in the irregularities in public issue.
 
SEBI has also debarred Registrars to the issue M/s. Nipar Financial Services Ltd. and its two Directors, Shri Nitin Parikh and Shri Akshay Parikh from buying, selling or dealing in securities, in any manner whatsoever, for a period of two years for failing to exercise due diligence in the aforesaid public issue. 
 
These orders have been passed by Shri A K Batra, Whole Time Member, SEBI, on July 22, 2004 and shall come into force with immediate effect.