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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 21-NOV-2024

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.

PERSONS: DIRECTED TO PAY INTEREST @ 10% P.A. ALONG WITH CONSIDERATION AMOUNT FROM 12/03/2017 TO DATE OF PAYMENT OF CONSIDERATION TO SHAREHOLDERS

S.No. PERSON ENTITY REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person ASHOK BHANDARI

(PAN:ABVPB1331K)  
History of entity/person FERRYDEN INTERNATIONAL LTD.
  		DID NOT MAKE PUBLIC ANNOUNCEMENT AS REQUIRED UNDER REGULATION 10 OF SEBI TAKEOVER CODE, 1997 IN MATTER OF ELECTROTHERM (INDIA) LTD.  DIRECTED TO TAKE REQUISITE STEPS TO COMPLETE OPEN OFFER TO ACQUIRE TARGET COMPANY ELECTROTHERM (INDIA) LTD. WITHIN FIFTEEN DAYS FROM DATE OF ORDER

DIRECTED TO PAY INTEREST @ 10% P.A. ALONG WITH CONSIDERATION AMOUNT FROM 12/03/2017 TO DATE OF PAYMENT OF CONSIDERATION TO SHAREHOLDERS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 25-SEP-2023 TO 24-SEP-2024

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-SEP-2023 TO 24-SEP-2024

IMPOSED PENALTY RS.1,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS

16-MAR-2023 		SAT: SAT VIDE ITS ORDER DATED 12/05/2023 ALLOWED THE APPEAL AND QUASHED ORDER 16/03/2023. MATTER REMITTED TO CGM TO PASS APPROPRIATE ORDER AFRESH

SEBI VIDE ITS ORDER DATED 25/09/2023 DIRECTED TO A) FORGO BENEFITS ACCRUED ON EQUITY SHARES OF ELECTROTHERM (INDIA) LTD. FROM 12/03/2007 TO 16/11/2018 AFTER COMPLETION OF STATUTORY PERIOD B) DEBARRED FROM ACCESSING SECURITIES MARKET AND ALSO RESTRAINED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, EITHER DIRECTLY OR INDIRECTLY FOR ONE YEAR FROM DATE OF THIS ORDER AND C) IMPOSED PENALTY RS.1 CRORE TO BE PAID JOINTLY AND SEVERALLY U/S 15H(II) WITHIN FORTY-FIVE DAYS FROM DATE OF RECEIPT OF THIS ORDER
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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