Ramal Industries Limited (RIL) and its promoters/directors, Mr. Rameswar Podder, Mr. Ramendra Mohan Sarkar, Mr. Sukanta Deb and Mr. Partha Das shall jointly and severally refund the money, collected through the application form issued by it for subscription to its Optionally Fully Convertible Debentures in 2009-2010, 2010-2011 and 2011-2012 with interest as described in the order, within two months from the date of this order.

RIL and its above promoters/directors, and the debenture trustees appointed by it, namely, Mr. Rabi Das, Mr. Samaresh Mukherjee and Mr. Shyamalendu Sarkar are directed not to, directly or indirectly, access the capital market by issuing prospectus, any offer document or advertisement soliciting money from the public and are further restrained and prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in whatsoever manner till the expiry of three years from the date of completion of refund as directed in the order.

Mr. Rameswar Podder, Mr. Ramendra Mohan Sarkar, Mr. Sukanta Deb and Mr. Partha Das are further restrained from associating themselves with any listed public company and any public company which intends to
raise money from the public till the expiry of three years from the date of completion of refund as directed in the order.