June 29, 2004
PR No. 136/2004

M/s. Zoom Industrial Services Ltd. prohibited from accessing 

the securities market and dealing in securities

M/s. Zoom Industrial Services Limited has been prohibited from accessing the securities market and dealing in securities, directly or indirectly, for a period of eighteen months. The order was passed by Shri A K Batra, Whole Time Member, SEBI on June 25, 2004 under Section 11B of the SEBI Act, 1992, for irregularities in the rights issue of Subhash Projects & Marketing Ltd (SPML) and price manipulation in the scrip. The order has come into force with immediate effect.