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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.

COMPANIES: DIRECTED TO BRING BACK RS.706.03 CRORE WHICH WAS DIVERTED TO VARIOUS VENDORS AND MOHAN BREWERIES & DISTILLERIES LTD. ALONG WITH @12% TO BE COMPUTED FROM RESPECTIVE DATE OF EACH DEBIT TRANSACTIONS RECORDED IN COMPANY’S ACCOUNTS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person BINNY LTD.

(PAN:AAACB2529G)  
  INDULGED IN DIVERSION AND SIPHONING OF FUNDS TO RELATED PARTIES, MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS VIOLATING SECTIONS 12A(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 IN MATTER OF BINNY LTD.

DID NOT OBTAIN NECESSARY APPROVAL WITH RESPECT TO RELATED PARTY TRANSACTIONS FROM SHAREHOLDERS AND AUDIT COMMITTEE VIOLATING CLAUSE 49(VII) OF ERSTWHILE LISTING AGREEMENT READ WITH REGULATIONS 103 OF SEBI (LODR) REGULATIONS, 2015 AND REGULATIONS 23(2), 23(4), 23(8), 33(1)(A), 33(1)(C) AND 48 OF SEBI (LODR) REGULATIONS, 2015

INDULGED IN MISREPRESENTATION OF FINANCIAL STATEMENTS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS VIOLATING OF BINNY LTD. VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), (G), (H) AND (J) OF SEBI (LODR) REGULATIONS, 2015  		DIRECTED TO BRING BACK RS.706.03 CRORE WHICH WAS DIVERTED TO VARIOUS VENDORS AND MOHAN BREWERIES & DISTILLERIES LTD. ALONG WITH @12% TO BE COMPUTED FROM RESPECTIVE DATE OF EACH DEBIT TRANSACTIONS RECORDED IN COMPANY’S ACCOUNTS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-JUL-2024 TO 30-JUL-2027

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-JUL-2024 TO 30-JUL-2027

IMPOSED PENALTY RS.6,00,00,000

31-JUL-2024 		SEBI VIDE ITS NOTICE DATED 07/11/2024 DIRECTED TO PAY RS.6,30,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 12/11/2024 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED

SEBI VIDE ITS NOTICE DATED 19/11/2024 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK/POST OFFICE ACCOUNTS OF THE DEFAULTER WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 12/11/2024
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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