PRESS RELEASE - SEBI
March 07, 2001
PR No. 40/2001

Issued By: PRIMARY MARKET DEPARTMENT

Sub: Action in respect of companies not complying with the listing agreement and not physically traceable at the registered office address mentioned in the offer document. 

SEBI issued 11 B orders dated January 18,2001 & February 28th, 2001 against 16 companies & 33 Directors prohibiting them from entering into the capital market for a period of 5 years. Details of debarred Companies are as per Annexure A & debarred Directors are as per Annexure B. 

With these orders, SEBI has so far issued 11B against 86 companies and 335 directors prohibiting them from associating in every respect from the capital market activities. The order would mean that the companies and promoters/directors are prohibited from associating in every respect from the capital market activities and not to deal in securities and to access the capital market, more specifically not be allowed to raise funds from capital market and shall not be or be associated with any of the intermediaries in the capital market for a period of 5 years. 

In addition to these, the cases would also be referred to the State governments for their action where cheating or fraud is suspected. 

Further out of 335 directors, 11 B orders issued against 7 directors earlier have been revoked after examination of the cases. (Annexure C) 

Annexure A :

 
S.No. Name of the Company
Address
Date of the Order
1.
Dhavanil Chemicals Ltd. 9, NIRAV COMPLEX,

NR. NAVRANG SCHOOL POST NAVJIVAN AHMEDABAD 380014.

18.01.2001
2.
Crest World Marine Ltd. 90, 3rd Street , Karpagam Avenue, Chennai - 600 028.
28-02-2001
3.
Deccan Petroleum Ltd. 3-6-100/b/1, West Marredpally , Secunderabad- 500 026.
28-02-2001
4.
Flora wall Coverings Ltd. 376/35, 6th cross, Wilson Garden, Bangalore - 560 027.
28-02-2001
5.
Global Exhibitions Ltd. Suit No. 102, 10-5-6, My Home Plaza, Masab Tank, Hyderabad- 28.
28-02-2001
6.
Maa Capital Market Services Ltd. 3, Dugarbal Deshmukh Road, Habib Compalex, III Floor, Raja Annamalaipuram, Chennai 28
28-02-2001
7.
Nagarjuna Jiyo Marines Ltd. (Now called as Nagarjuna Industries Ltd.) 2-C, Glenedal Place, 813, P.H.Road, Kilpauk, Chennai 600 010
28-02-2001
8.
Panggo Exports Ltd. 21, 17th street, Mosque Colony, Chennai 600 032.
28-02-2001
9.
Rizvi Exports Ltd. 14/145, Commerce Centre , The Mall, Kanpur - 208001.
28-02-2001
10.
Shakti Sai Flowers Ltd. 6-2-39/B, AC Guards , Hyderabad - 500 004.
28-02-2001
11.
Siddhartha Pharmaceuticals Ltd. A- 6/1, UPSIDC Industrial Area, Gajraula, Dist. Moradabad , UP
28-02-2001
12.
SSP Polymers Industries Ltd. Plot No. 172, Street no. 5, West Maredpalli, Secunderabad- 26.
28-02-2001
13.
Vidiani Agrotech Industries Ltd. Village Gohari, Tehsil Chhata, District Mathura, UP
28-02-2001
14.
Protech Switchgears Ltd Mehuli Talavadi, Dabhasa, Padra, Vadodra - 391 440
28-02-2001
15.
Protech Circuit Breakers Ltd. Mehuli Talavadi, Dabhasa, Padra, Vadodra - 391 440
28-02-2001
16.
Genuine Commodities Development Company Ltd. 37/I , Jayant Park , Near Bhadavatanagar, Vatva Road, Mani Road, Ahmedabad-380 008.
28-02-2001

Annexure B
 
S.No. Name of the Director
Address
Name of the Company
Date of the Order
1.
Smt. Sejal S. Zaveri 12- A, Nilay Apartment, Behind Navrang School, Nanakpura,

Ahmedabad- 380 013.

DHVANIL CHEMICALS LTD
18.01.2001
2.
Sh. Smitesh V. Zaveri 12- A, Nilay Apartment, Behind Navrang School, Nanakpura,

Ahmedabad- 380 013.

DHVANIL CHEMICALS LTD
18.01.2001
3.
Shashank Jain J-56, Sector 15, Noida - 201 301 Canara Credit Ltd. 28-02-2001
4.
Ashok Mahajan 3/30, Khandari , Agra Danin Leather Ltd. 28-02-2001
5.
C.H.Padmanabha Rao 402, Amrutha Estates, Lingapur Building, Himayat Nagar, Hyderabad. Global Exhibitions Ltd. 28-02-2001
6.
K.Gopalakrishnan Samarpan , 5th Avenue , Adyar, Chennai - 20 Maa Capital Market Services Ltd. 28-02-2001
7.
Kasam Sait No 157, Auto nagar , Vizag 530012. Nagarjuna Jiyo Marines Ltd. 28-02-2001
8.
Md. Faiz Kasam Sait No 157, Auto nagar , Vizag 530012. Nagarjuna Jiyo Marines Ltd. 28-02-2001
9.
A. Ramakrishna Reddy 8-2/12/112/A/14, Road No. 9, Jubilee Hills, Hyderabad- 500 034. Premier Aqua Farms Ltd. 28-02-2001
10.
A. Shanti 8-2/12/112/A/14, Road No. 9, Jubilee Hills, Hyderabad- 500 034. Premier Aqua Farms Ltd. 28-02-2001
11
C. Anil Kumar Reddy. 8-2/12/112/A/14, Road No. 9, Jubilee Hills, Hyderabad- 500 034. Premier Aqua Farms Ltd. 28-02-2001
12.
Kanta Saini N- 1 Hakikat Nagar, Saharanpur. Raymed Lab Ltd. 28-02-2001
13
Sushil Kr. Saini N- 1 Hakikat Nagar, Saharanpur. Raymed Lab Ltd. 28-02-2001
14
Vidya Sagar Saini N- 1 Hakikat Nagar, Saharanpur. Raymed Lab Ltd. 28-02-2001
15
ILYAS RIZVI 78/53-A , Latouche Road, Kanpur Rizvi Exports Ltd. 28-02-2001
16
Kaji Jalil Abbasi Post Bayara, Dist. Sidhartnagar , UP Rizvi Exports Ltd. 28-02-2001
17
N Rajashekar Sector 15, NOIDA, UP Rizvi Exports Ltd. 28-02-2001
18
S M A Rizvi 78/53-A , Latouche Road, Kanpur Rizvi Exports Ltd. 28-02-2001
19
B. Shridaram Reddy HIG - 1, Block 3, F17, Baghlingampally, Hyderabad. Shakti Sai Flowers & Tissues Ltd. 28-02-2001
20
K. Ashok Reddy 2-2-11337/3/1/C/1, New Nallakunta, Hyderabad. Shakti Sai Flowers & Tissues Ltd. 28-02-2001
21
K. Lavanya Reddy 1-8-702/4/B, Nallakunta, Hyderabad. Shakti Sai Flowers & Tissues Ltd. 28-02-2001
22
K. Shobha Sahadev Reddy Flat No. 102, Sai Residency, Naveen Nagar, Erramanzil Colony, Hyderabad.  Shakti Sai Flowers & Tissues Ltd. 28-02-2001
23
K. Srikanth Reddy 2-2-11337/3/1/C/1, New Nallakunta, Hyderabad. Shakti Sai Flowers & Tissues Ltd. 28-02-2001
24
Akhil Swami E- 37B, Sector 27, Noida- 201 301. Sidhartha Pharmachem Ltd. 28-02-2001
25
Piyush Kr. Jain 4B/12, Sant Gadge Marg, Old Rajinder Nagar, New Delhi. Sidhartha Pharmachem Ltd. 28-02-2001
26
Prashant Jain 4B/12, Sant Gadge Marg, Old Rajinder Nagar, New Delhi. Sidhartha Pharmachem Ltd. 28-02-2001
27
Ananth Swaminathan 108, AWHO Colony, Sector A, Gautam Enclave, Secunderabad- 500 009. SSP Polymer Industries Ltd. 28-02-2001
28
Manit Jaju C-65, Malviya Nagar, New Delhi - 110 017. Vadra Investments Ltd. 28-02-2001
29
A K Maheshwary 121, Maker Chamber V, Nariman Point, Mumbai. Vidiani Agrotech Industries Ltd. 28-02-2001
30
Dinesh V Chaturvedi C- 706, Milton Apartment, Juhu Tara Road, Santacruz (W), Mumbai.  Vidiani Agrotech Industries Ltd. 28-02-2001
31
Vimal K Chaturvedi 608, Vishal Bhawan, 95, Nehru Place, New Delhi. Vidiani Agrotech Industries Ltd. 28-02-2001
32
T. Sudhakar Rao 6-3-661/A/4, Sangeetha Nagar, Somajiguda, Hyderabad- 500 482 Vini Meta Spin Steels Ltd. 28-02-2001
33
Raj Kumar Shukla B87, Pandara Road, New Delhi. Zed Investments Ltd. 28-02-2001

Annexure C
 
S.No Name of the Director Address Name of the Company Date of Order
1
B. Arvind 107, My Home Mt. View Apts, Navodaya Colony, Hyderabad 500 073. Sangeo Services Ltd
26-02-2001
2
B Ramadevi 107, My Home Mt. View Apts, Navodaya Colony, Hyderabad - 500 073. Sangeo Services Ltd
26-02-2001
3
S.B.Nallamala 4153, Allistair Road, Winston- Salem, N,C.27104. Sangeo Services Ltd
26-02-2001
4
Ratan Paul 407, R.N. Guha Road, Dum Dum, Nager Bazaar, Calcutta Sangeo Services Ltd
26-02-2001
5
Jayesh Mor 9, Walkeshwar Society , Ambawadi, Ahmedabad - 380 015 Aashi Industries Ltd.
28-02-2001
6.
DR. AMRITLA C. SHAH C- 1/2, Llyods Garden, Appasaheb Marathe Marg,

Prabhadevi , Mumbai - 400 025.

MRUG PHARMACEUTICALS LTD
10.11.2000
7.
NARESH KUMAR BHARGAWA 417, Mahavir Nagar, Tonk Road Jaipur
SURAJ STONE CORPORATION LTD
22.01.2001