March 30, 2009  
PR No. 113/2009

Consent order in the matter of Olympic Oil Industries Ltd.

A Panel consisting of Whole Time Members, SEBI, Shri M.S. Sahoo and Dr. K.M. Abraham, has passed a consent order dated March 24, 2009 on the consent application submitted by Olympic Oil Industries Ltd. for delay in compliance with Regulations 6(2) and 6(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and Regulation 8(3) of the said Regulations for the years 1998 to 2002. The applicant has without admitting or denying guilt remitted a sum of Rs.2,50,000/- (Rupees Two Lakh Fifty Thousand Only) towards settlement charges.


March 30, 2009

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