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Regulatory actions in Chronological Order

REGULATORY ACTIONS IN CHRONOLOGICAL ORDER

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

PERSON

S.
No.

DATE OF ORDER

PERSON

ENTITY

COMPETENT AUTHORITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

26-AUG-2025

ASHISH KUMAR JOSHI

LANDMARK CAPITAL ADVISORS PVT.LTD.

SEBI

DID NOT ENSURE PROPER CARE, EXERCISE DUE DILIGENCE AND INDEPENDENT PROFESSIONAL JUDGMENT AS KEY MANAGERIAL PERSONNEL

IMPOSED PENALTY RS.2,00,000

26-AUG-2025

21-AUG-2025

MASRUR AHMED BASHEER

WEIRD INFRASTRUCTURES CORP.LTD.

SEBI

ACTED AS DEBENTURE TRUSTEE WITHOUT SEBI REGISTRATION

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 21-AUG-2025 TO 20-AUG-2026

21-AUG-2025

21-AUG-2025

PARAG SALOT

SEBI

DID NOT CONDUCT ANNUAL AUDIT

PROVIDED FALSE AND INCOMPLETE INFORMATION WITH RESPECT TO DETAILS OF ALL OFFICES IN RESPECT OF RESEARCH ANALYST ACTIVITIES TO SEBI

DID NOT DISPLAY INVESTOR CHARTER AS WELL AS ALL COMPLAINTS INCLUDING SCORES COMPLAINTS RECEIVED BY RESEARCH ANALYSTS ON THEIR WEBSITE

DID NOT OBTAIN NISM CERTIFICATION AS RESEARCH ANALYST

DID NOT MAINTAIN DETAILS OF ALL EMAILS OPERATED FOR RESEARCH ANALYSTS ACTIVITIES

PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS

DID NOT INTIMATE SEBI ABOUT MATERIAL CHANGE IN INFORMATION

CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

21-AUG-2025

13-AUG-2025

BANSRI PANKAJBHAI THAKKAR

EQWIRES RESEARCH ANALYST

SEBI

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

OPERATED/HANDLED TRADING ACCOUNT OF CLIENT AND EXECUTED TRADES

DISPLAYED MISLEADING AND/OR DECEPTIVE TESTIMONIALS ON ITS WEBSITE

IMPOSED PENALTY RS.6,00,000 ALONG WITH OTHER ENTITIES/PERSONS

13-AUG-2025

13-AUG-2025

PRANAY DINESHBHAI MORAKHIYA

EQWIRES RESEARCH ANALYST

SEBI

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

OPERATED/HANDLED TRADING ACCOUNT OF CLIENT AND EXECUTED TRADES

DISPLAYED MISLEADING AND/OR DECEPTIVE TESTIMONIALS ON ITS WEBSITE

IMPOSED PENALTY RS.6,00,000 ALONG WITH OTHER ENTITIES/PERSONS

13-AUG-2025

12-AUG-2025

HARSHIL MEHTA

DEWAN HOUSING FINANCE CORP.LTD.

SEBI

INDULGED IN DIVERSION TO RS.14,040.50 CRORE FROM DEWAN HOUSING FINANCE CORP.LTD. TO CERTAIN PROMOTER-LINKED ENTITIES (BANDRA BOOK ENTITIES (BBES)) VIOLATING SECTIONS 12(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003

RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 12-AUG-2025 TO 11-AUG-2028

RESTRAINED AND FURTHER PROHIBITED FROM HOLDING AND OCCUPYING ANY MANAGERIAL POST OR BEING ASSOCIATED DIRECTLY OR INDIRECTLY WITH ANY LISTED PUBLIC COMPANY AND/OR ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC OR ANY INTERMEDIARY REGISTERED WITH SEBI FROM 12-AUG-2025 TO 11-AUG-2028

IMPOSED PENALTY RS.11,75,00,000

12-AUG-2025

12-AUG-2025

MINAKSHI ASAVANI

TRADE NEXA RESEARCH INVESTMENT ADVISOR

SEBI

RECEIVED FEES WITHOUT EXECUTING ANY AGREEMENT WITH CLIENTS

DID NOT MAINTAIN CALL RECORDINGS OF CLIENTS

PROVIDED INVESTMENT ADVICE ON FREE TRIALS TO CLIENTS

PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS

IMPOSED PENALTY RS.7,00,000 ALONG WITH OTHER ENTITIES/PERSONS

12-AUG-2025

12-AUG-2025

SANTOSH SHAMRA

DEWAN HOUSING FINANCE CORP.LTD.

SEBI

12-AUG-2025

URRSHILA KERKAR

COX & KINGS LTD.

SEBI

DIVERTED FUNDS AND REPORTED FALSE AND MANIPULATED FINANCIAL STATEMENTS

NOT AVAILABLE

12-AUG-2025

SAT: SAT VIDE ITS ORDER DATED 12/08/2025 PARTLY ALLOWED THE APPLICATION SEEKING CROSS EXAMINATION. NO COSTS

07-AUG-2025

MUKESH KUMAR NAGAR

AVG LOGISTICS PVT.LTD.

SEBI

DID NOT DISGORGE AND REMIT THE PROFIT EARNED FROM CONTRA TRADES BY MR.ANKIT JAIN VIOLATING CLAUSE 10 OF MINIMUM STANDARDS FOR CODE OF CONDUCT (FOR LISTED COMPANIES) TO REGULATE, MONITOR AND REPORT TRADING BY DESIGNATED PERSONS AS SPECIFIED UNDER SUB-REGULATION (1) OF REGULATION 9 OF SEBI (PIT) REGULATIONS, 2015 IN MATTER OF AVG LOGISTICS LTD.

IMPOSED PENALTY RS.1,00,000

07-AUG-2025

31-JUL-2025

ABHIJIT ROY

GOLDENPI SECURITIES PVT.LTD.

SEBI

DID NOT ENSURE THAT ALL ORDERS ARE ROUTED THROUGH REQUEST FOR QUOTE PLATFORM OF A RECOGNIZED STOCK EXCHANGES

ADVERTISED WITHOUT OBTAINING PROPER APPROVAL FROM STOCK EXCHANGES

ADVERTISED ITS BUSINESS IN THE FORM OF SPONSORED ADS ON GOOGLE

PUBLISHED ADVERTISEMENTS IN THE FORMS OF MESSAGE, EMAIL SAMPLES AND WEB ADS ETC.

IMPOSED PENALTY RS.2,50,000 ALONG WITH OTHER ENTITIES/PERSONS

31-JUL-2025

31-JUL-2025

ANIL KUMAR GUPTA

SARVODAY DEBENTURE TRUST

SEBI

ACTED AS DEBENTURE TRUSTEE WITHOUT SEBI REGISTRATION

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-JUL-2025 TO 30-JUL-2029

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-JUL-2025 TO 30-JUL-2029

31-JUL-2025

31-JUL-2025

ANUP PRABHAKAR TOPPO

SARVODAY AGRO POWER LTD.

SEBI

MOBILIZED FUND OF RS.4.68 CRORE FROM PUBLIC THROUGH ISSUANCE OF 4,67,575 SECURED NON-CONVERTIBLE REDEEMABLE DEBENTURES (NCDS) BY WAY OF PRIVATE PLACEMENT TO 3,622 INVESTORS VIOLATING SECTIONS 56(1), 56(3), 60 READ WITH 2(36), 67(3) AND 73(1) TO 73(3) OF THE COMPANIES ACT, 1956 READ WITH SECTION 465(2) OF THE COMPANIES ACT, 2013 AND REGULATIONS 4(2)(A) TO 4(2)(D), 4(4), 5(2)(B), 6 TO 9, 12, 14, 15, 19 AND 26 OF SEBI (ILDS) REGULATIONS READ WITH 59 OF SEBI (ISSUE AND LISTING OF NON-CONVERTIBLE SECURITIES) REGULATIONS, 2021

PROHIBITED FROM ISSUING PROSPECTUS OR ANY OFFER DOCUMENT, OR ISSUE ADVERTISEMENT FOR SOLICITING MONEY FROM PUBLIC FOR ISSUE OF SECURITIES IN ANY MANNER EITHER DIRECTLY OR INDIRECTLY FROM 31-JUL-2025 TO 30-JUL-2029

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-JUL-2025 TO 30-JUL-2029

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-JUL-2025 TO 30-JUL-2029

RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 31-JUL-2025 TO 30-JUL-2029

31-JUL-2025

31-JUL-2025

ASHOK KUMAR GOLDER

SARVODAY AGRO POWER LTD.

SEBI

31-JUL-2025

BHOLA PRASAD VISHWAKARMA

SARVODAY AGRO POWER LTD.

SEBI

DIRECTED TO REFUND MONEY COLLECTED THROUGH ISSUANCE OF NCDS INCLUDING APPLICATION MONEY ALONGWITH INTEREST @15% PER ANNUM

DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS

DIRECTED TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES IN CONNECTION WITH THE REFUND OF MONEY

DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER

RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM FROM 31-JUL-2025 TO 30-JUL-2029

DIRECTED TO DEPOSIT PROCEEDS IN AN ESCROW ACCOUNT WITH NATIONALISED BANK

DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT

PROHIBITED FROM ISSUING PROSPECTUS OR ANY OFFER DOCUMENT, OR ISSUE ADVERTISEMENT FOR SOLICITING MONEY FROM PUBLIC FOR ISSUE OF SECURITIES IN ANY MANNER EITHER DIRECTLY OR INDIRECTLY FROM 31-JUL-2025 TO 30-JUL-2029

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-JUL-2025 TO 30-JUL-2029

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-JUL-2025 TO 30-JUL-2029

RESTRAINED FROM ASSOCIATED WITH ANY LISTED COMPANY AND ANY PUBLIC COMPANY AS DIRECTORS/PROMOTERS WHICH INTENDS TO RAISE MONEY FROM THE PUBLIC AND/OR ANY INTERMEDIARY WITH SEBI FROM 31-JUL-2025 TO 30-JUL-2029

31-JUL-2025

31-JUL-2025

DULAL MAITY

SARVODAY AGRO POWER LTD.

SEBI

31-JUL-2025

GOBIND PRASAD GUPTA

SARVODAY DEBENTURE TRUST

SEBI

ACTED AS DEBENTURE TRUSTEE WITHOUT SEBI REGISTRATION

31-JUL-2025

HIRALAL RAVIDAS

SARVODAY AGRO POWER LTD.

SEBI

31-JUL-2025

JANAKIRAM AJJARAPU

DECIPHER LABS LTD.

SEBI

DID NOT OBTAIN PRE-CLEARANCE FOR TRADES VIOLATING CLAUSE 6 OF SCHEDULE B READ WITH REGULATION 9(1) OF SEBI (PIT) REGULATIONS, 2015 IN MATTER OF DECIPHER LABS LTD.

ISSUED FALSE AND MISLEADING CORPORATE ANNOUNCEMENTS VIOLATING SECTIONS 12(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(A) TO 3(D) AND 4(1), 4(2)(E),4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DECIPHER LABS LTD.

RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 31-JUL-2025 TO 30-JUL-2028

DIRECTED TO DISGORGE RS.7,90,90,000

RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM FROM 31-JUL-2025 TO 30-JUL-2028

DIRECTED BANKS TO ALLOW DEBIT TO MAKE THE PAYMENT OF DISGORGEMENT TO IPEF

IMPOSED PENALTY RS.60,00,000

31-JUL-2025

31-JUL-2025

JITENDRA KUMAR CHOUDHARY

SARVODAY AGRO POWER LTD.

SEBI

The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.