PRESS RELEASE - SEBI
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October 17, 2007
PR No. 280/2007
Order in the matter of M/s. Shonkh Technologies International Ltd.
Shri G. Anantharaman, Whole Time Member, SEBI, has passed an order dated October 16, 2007 restraining the following entities from accessing the securities market for a period of five years and prohibited from buying, selling or dealing in securities either directly or indirectly for a period of five years :
| S.No |
Name of entity |
| 1. |
Shonkh Technologies International Ltd. |
| 2. |
Padmini Technologies Ltd. |
| 3. |
Shri Vivek Nagpal, Chairman and Managing Director of Padmini Technologies Ltd. |
| 4. |
Ankur Cultivators Pvt. Ltd. |
| 5. |
M/s Advance Hovercrafts and Composites (India) Ltd. |
| 6. |
Mikona Impex and Traders Pvt. Ltd. |
| 7. |
Iris Infrastructurals Pvt. Ltd. |
| 8. |
Churuwala Exports Pvt. Ltd. |
| 9. |
R C Gupta & Co. Pvt. Ltd. |
| 10. |
Sadashiv Securities Pvt. Ltd. |
| 11. |
Sanyo Finance Pvt. Ltd. |
| 12. |
Saral Website and Exim Pvt. Ltd. |
| 13. |
Zodiac.com Pvt. Ltd.( now known as Zodiac .Com Solutions Pvt. Ltd.) |
| 14. |
Spectrum.com Pvt. Ltd. |
| 15. |
Noted Infotech Pvt. Ltd. |
| 16. |
DKG Buildcon Pvt. Ltd. |
| 17. |
Moneygrowth Finance and Consultants Pvt. Ltd. (now known as Moneygrowth Investment and Consultants Pvt. Ltd.) |
| 18. |
Shamit Finvest Pvt. Ltd. |
| 19. |
Shri Mukesh Gupta |
| 20. |
Shri Baldev Raj |
| 21. |
Baldev Harish Electrical Pvt. Ltd. |
| 22. |
FNS Consultants Pvt. Ltd. |
| 23. |
Rajkar Electricals and Electronics Ltd. |
| 24. |
Harpal Associates Pvt. Ltd. |
| 25. |
Ms. Simmy Gupta |
| 26. |
M/s. Atromax International Ltd. |
Also Iris Infrastructurals Pvt. Ltd., Churuwala Exports Pvt. Ltd., DKG Buildkon Pvt. Ltd. and Mikona Impex and Traders Pvt. Ltd. have come to the adverse notice of SEBI in the case of Padmini Technologies Ltd. wherein they (including Padmini Technologies Ltd ) were found to have been involved in the manipulation of the shares of Padmini Technologies Ltd in a similar way more or less during the same period and SEBI, vide order dated March 31, 2007/January 31, 2007 inter alia restrained them from dealing in securities for a period of five years.
The order shall come into force with immediate effect.
Mumbai
October 17, 2007
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For full copy of order against MONEY GROWTH FINANCE & CONSULTANTS PVT.LTD., click here.
For full copy of order against PADMINI TECHNOLOGIES LTD., click here.
For full copy of order against RAJKAR ELECTRICALS & ELECTRONICS PVT.LTD., click here.
For full copy of order against SHONKH TECHNOLOGIES INTERNATIONAL LTD., click here.
For full copy of order against VIVEK NAGPAL, click here.
For full copy of order against ZODIAC.COM SOLUTIONS PVT.LTD., click here.
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For full copy of order against ANKUR CULTIVATORS PVT.LTD.,
M/S ADVANCE HOVERCRAFTS AND COMPOSITES (INDIA) LTD.,
MIKONA IMPEX AND TRADERS PVT.LTD.,
IRIS INFRASTRUCTURALS PVT.LTD.,
CHURUWALA EXPORTS PVT.LTD.,
R C GUPTA & CO.PVT.LTD.,
SADASHIV SECURITIES PVT.LTD.,
SANYO FINANCE PVT.LTD.,
SARAL WEBSITE AND EXIM PVT.LTD.,
ZODIAC.COM PVT.LTD.,
SPECTRUM.COM PVT.LTD.,
NOTED INFOTECH PVT.LTD.,
DKG BUILDCON PVT.LTD.,
SHAMIT FINVEST PVT.LTD.,
SHRI MUKESH GUPTA,
SHRI BALDEV RAJ,
BALDEV HARISH ELECTRICAL PVT.LTD.,
FNS CONSULTANTS PVT.LTD.,
HARPAL ASSOCIATES PVT.LTD.,
MS. SIMMY GUPTA,
M/S. ATROMAX INTERNATIONAL LTD. click here.
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