PRESS RELEASE - SEBI

 January 02, 2009
PR No. 003/2009

Consent Order against M/s. Systematix Shares & Stocks (I) Ltd. 

(Formerly Southern Shares and Stocks Ltd.) 

in the matter of M/s. Granules India Ltd.

A Panel consisting of Whole Time Members, SEBI, Shri M.S.Sahoo and Dr. K.M.Abraham has passed consent order dated December 29, 2008 on an application submitted by M/s. Systematix Shares & Stocks (I) Ltd., a broker (SEBI Regn. No.INB 011132736) of Bombay Stock Exchange Limited, in the matter of M/s. Granules India Ltd. in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs.2,00,000/- (Rupees two lakh only) towards the terms of consent in the matter.

Mumbai

January 02, 2009

 


For full copy of order against SYSTEMATIX SHARES & STOCKS (INDIA) LTD., click here.