June 06, 2008
PR No. 119/2008

Order in the matter of Krishna Filaments Ltd.

Dr. T.C.Nair, Whole Time Member, SEBI has passed an order dated June 05, 2008 directing:

(i) M/s. Krishna Filaments and its directors Shri/S K. K. Agarwal, O. P. Agarwal, S. K. Agarwal and M/s. Krishna Vinyl Limited to restrain from accessing the securities market and also prohibited from buying, selling or otherwise dealing or associating with the securities market for a further period of 2 (two) years in addition to the period of debarment already undergone by them; and

(ii) S/Shri K K Agarwal, O.P.Agarwal, S.K. Agarwal and M/s. Krishna Vinyl Limited have been directed to make public announcements as required under Chapter III of the said Regulations in terms of sub-regulation (2) of regulation 11 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 by taking March 31, 1998 as the reference date for calculation of the offer price. The public announcement shall be made within 45 (forty five) days of passing of this Order. Further, in terms of sub-regulation (12) of regulation 22 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, the payment of consideration to the shareholders of the KFL to be paid within 30 (thirty) days of the date of closure of the offer.

Mumbai

June 06, 2008

For full copy of order against KRISHNA FILAMENTS LTD., click here.

For full copy of order against KRISHNA KUMAR AGARWAL, click here.

For full copy of order against KRISHNA KUMAR AGARWAL, click here.

For full copy of order against KRISHNA VINYLS LTD., click here.

For full copy of order against KRISHNA VINYLS LTD., click here.

For full copy of order against OM PRAKASH AGARWAL, click here.

For full copy of order against OM PRAKASH AGARWAL, click here.

For full copy of order against SHARAD KUMAR AGARWAL, click here.

For full copy of order against SHARAD KUMAR AGARWAL, click here.