October 27, 2008
PR No. 238/2008

Consent Order in the matter of M/s. Karuna Impex Enterprises Limited

A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M.S. Sahoo, has passed a consent order dated October 23, 2008, on the consent application submitted by M/s. Karuna Impex Enterprises Limited for non compliance of Regulation 6(2) and 6(4) of the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997 for the year 1997 and Regulation 8(3) of the said Regulations for the year 1997-2004 and 2006 with considerable delay, in accordance with SEBI Circular on consent orders dated April 20, 2007. The applicant has remitted a sum of Rs.3,00,000/- (Rupees Three Lakh only) towards the settlement charges in the matter.


October 27, 2008


For full copy of order against KARUNA IMPEX ENTERPRISES LTD., click here.