For full copy of order against BHATIA FINANCIERS, click here.

For full copy of order against G.K.GUPTA, click here.

For full copy of order against GOYAL FINANCE & INVESTMENT CO., click here.

For full copy of order against INDU GUPTA, click here.

For full copy of order against KAMLESH GUPTA, click here.

For full copy of order against MAJESTIC INDUSTRIES LTD., click here.

For full copy of order against MAJESTIC INDUSTRIES LTD., click here.

For full copy of order against MAJESTIC INDUSTRIES LTD., click here.

For full copy of order against MAJESTIC METALIKS PVT.LTD., click here.

For full copy of order against N.K.GUPTA, click here.

For full copy of order against R.K.GUPTA, click here.

For full copy of order against SEEMA GUPTA, click here.

For full copy of order against V.S.GUPTA, click here.

For full copy of order against VINOD GUPTA, click here.

PRESS RELEASE - SEBI

April 12, 2005
PR No. 70/2005

SEBI DEBARS MAJESTIC INDUSTRIES LTD, ITS DIRECTORS AND ASSOCIATES

Securities and Exchange Board of India, vide its order dated 18.02.2005, has debarred Majestic Industries Ltd., its Directors and their associates namely Shri V. S. Gupta, Shri N. K. Gupta, Shri Vinod Gupta, Shri G. K. Gupta, Prof R. K. Gupta, Smt. Indu Gupta, Smt. Seema Gupta, Smt. Kamlesh Gupta, M/s Majestic Metalliks Pvt Ltd, M/s Bhatia Financiers and M/s Goyal Finance & Investments Co. from accessing the securities market for a period of five years. These entities have also been prohibited from being associated with the securities market in any manner whatsoever to buy, sell or deal in securities for a period of five years from the date of the order.
 
Earlier, SEBI had carried out an investigation in the irregularities in the public and rights issue, of Majestic Industries Ltd, that came out in 1996.
 
 
MUMBAI

April 12, 2005