November 10, 2008
PR No. 254/2008
Consent Order against Mr. Nrupender Rao in the matter of
M/s. Pennar Industries Limited
A Panel consisting of Whole Time Members, SEBI, Dr. T.C.Nair and Shri M.S.Sahoo, has passed consent order dated November 05, 2008, on the application of consent for non compliance of Regulation 6(3) for the year 1997 and regulation 8(2) for the years 1998 to 2004 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 1997 submitted by Mr. Nrupender Rao in the matter of M/s. Pennar Industries Limited, in accordance with SEBI Circular on consent orders dated April 20, 2007. The applicant has remitted a sum of Rs.3,25,000/- (Rupees three lakh twenty five thousand only) towards the terms of consent in the matter.
Mumbai
November 10, 2008
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