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 : 04-NOV-2026

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: DID NOT ADHERE TO SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

S.No.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

201

GAUTAMBHAI SHANTILAL ADANI

(PAN:ABKPA0965H)

(Along with : RAJESHBHAI SHANTILAL ADANI,

MALAY RAMESH MAHADEVIA,

RAJEEVA RANJAN SINHA,

SUDIPTA BHATTACHARYA)

Click here to view complete history of this specific entity/person

ADANI PORTS & SPECIAL ECONOMIC ZONE LTD.

CIN:L63090GJ1998PLC034182

ALLEGED FAILURE IN ADHERING TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT VIOLATING RULE 19A OF SECURITIES CONTRACTS (REGULATIONS) RULES, 1957 AND CLAUSES 35 AND 40A OF LISTING AGREEMENT IN MATTER OF ADANI GROUP COMPANIES

ALLEGED FAILURE IN ADHERING TO MINIMUM PUBLIC SHAREHOLDING REQUIREMENT VIOLATING REGULATIONS 31 AND 38 OF SEBI (LODR) REGULATIONS, 2015 AND SECTION 24(1) OF SCRA, 1956 IN MATTER OF ADANI GROUP COMPANIES

REACHED SETTLEMENT (SETTLEMENT CHARGES RS.37,05,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)

28-SEP-2026

202

GAUTAMBHAI SHANTILAL ADANI

(PAN:ABKPA0965H)

(Along with : RAJESHBHAI SHANTILAL ADANI,

DEEPAK BHARGAVA,

LAXMI NARAYANA MISHRA,

ANIL KUMAR SARDANA)

ADANI TRANSMISSION LTD.

CIN:L40300GJ2013PLC077803

REACHED SETTLEMENT (SETTLEMENT CHARGES RS.37,05,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)

28-SEP-2026

203

GAUTAMBHAI SHANTILAL ADANI

(PAN:ABKPA0965H)

(Along with : RAJESHBHAI SHANTILAL ADANI,

VINEET JAIN)

ADANI POWER LTD.

CIN:L40100GJ1996PLC030533

REACHED SETTLEMENT (SETTLEMENT CHARGES RS.37,05,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)

28-SEP-2026

204

GEETA BHATIA

(PAN:AAGPB8685G)

TREE HOUSE EDUCATION & ACCESSORIES LTD.

PAN:AACCT4932H

INDULGED IN MANIPULATION IN BOOKS OF ACCOUNTS, MISREPRESENTATION OF FINANCILAS AND/OR BUSINESS OPERATIONS AND WRONGFUL DIVERSIONS/SIPHONING OF FUNDES FROM THE F.Y.2011-12 IN MATTER OF TREE HOUSE EDUCATION & ACCESSORIES LTD.

INDULGED IN MANIPULATION IN BOOKS OF ACCOUNTS, MISREPRESENTATION OF FINANCILAS AND/OR BUSINESS OPERATIONS AND WRONGFUL DIVERSIONS/SIPHONING OF FUNDES FROM THE F.Y.2011-12 VIOLATING REGULATION 4(1) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 IN MATTER OF TREE HOUSE EDUCATION & ACCESSORIES LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 07-MAR-2018 TILL FURTHER ORDERS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 07-MAR-2018 TILL FURTHER ORDERS

DIRECTED NSE TO APPOINT INDEPENDENT AUDITOR/AUDIT FIRM TO CONDUCT DETAILED FORENSIC AUDIT OF BOOKS OF ACCOUNTS OF TREE HOUSE FOR F.Y.2011-12 ONWARDS

07-MAR-2018

SAT: SAT VIDE ITS ORDER DATED 29/08/2018 GRANTED THREE WEEKS TIME TO FILE REPLIES AND WTM OF SEBI SHALL PASS CONFIRMATORY ORDER WITHIN TWO MONTHS THEREAFTER. NO COSTS

SEBI VIDE ITS ORDER DATED 16/11/2018 CONFIRMED DIRECTIONS ISSUED VIDE ITS AD-INTERIM EX-PARTE ORDER DATED 07/03/2018

SAT: SAT VIDE ITS ORDER DATED 07/11/2019 QUASHED AND SET ASIDED IMPUGNED ORDERS DATED 16/11/2018 AND 07/03/2018 AS FAR AS THE DIRECTION OF RESTRAIN FROM DEALING IN SECURITIES MARKET IN ANY MANNER AND UPHELD DIRECTION RELATING TO FORENSIC AUDIT. DIRECTED APPELLANTS TO EXTEND FULL COOPERATION TO ENABLE THE AUDITOR TO COMPLETE FORENSIC AUDIT. NO COSTS

205

GEETA TEKCHAND

(PAN:AAAPT0907H)

LEEL ELECTRICALS LTD.

PAN:AAACL0484G

DID NOT EXERCISE DUE DILIGENCE AS A MEMBER OF AUDIT COMMITTEE VIOLATING REGULATION 18(3) READ WITH PART A OF PART C OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF LEEL ELECTRICAL LTD.

RESTRAINED FROM ASSOCIATED WITH ANY OTHER LISTED COMPANY OR SEBI REGISTERED INTERMEDIARY IN ANY CAPACITY INCLUDING DIRECTOR OR KEY MANAGERIAL PERSON DIRECTLY OR INDIRECTLY FROM 18-APR-2024 TO 17-APR-2027

IMPOSED PENALTY RS.10,00,000

18-APR-2024

SEBI VIDE ITS NOTICE DATED 30/09/2024 DIRECTED TO PAY RS.10,61,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SAT: SAT VIDE ITS ORDER DATED 08/10/2024 CONDONED THE DELAY OF 100 DAYS IN FILING OF APPEAL. GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER. NO RECOVERY OF PENALTY AMOUNT SUBJECT TO DEPOSIT OF RS.3 LAC WITH SEBI WITHIN FOUR WEEKS FROM DATE OF THIS ORDER

206

GIRI DEVNUR

(PAN:ABGPD2472E)

(Along with : C.H.VASUNDHARA DEVI,

I.R.RAVISH)

DID NOT ADHERE TO REQUIREMENTS PRESCRIBED UNDER APPLICABLE IND AS IN PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS AND DID NOT FULFIL MANDATORY DISCLOSURE OBLIGATIONS WITH RESPECT TO DECISION TO DEVIATE FROM COMPLIANCE VIOLATING REGULATIONS 4(1)(A) TO 4(1)(E), 4(1)(G) TO 4(1)(J), 4(2)(E)(I), 33(1)(C), 34(3) READ WITH CLAUSE B(2) OF SCHEDULE V AND 48 OF SEBI (LODR) REGULATIONS READ WITH SECTION 27(2) OF SEBI ACT., 1992 AND REGULATIONS 4(2)(F)(II)(7) AND (8) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF COFFEE DAY ENTERPRISES LTD.

IMPOSED PENALTY RS.3,00,000 ALONG WITH OTHER ENTITIES/PERSONS

02-MAR-2026

207

GIRIDHARILAL S.BHATIA

(PAN:AAGPB8687E)

TREE HOUSE EDUCATION & ACCESSORIES LTD.

PAN:AACCT4932H

208

GIRIJA BANERJEE

(PAN:AJWPB1941Q)

NEWEVER TRADE WINGS LTD.

CIN:L74999WB2012PLC181106
PAN:AADCN9668B

INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS OF NEWEVER TRADE WINGS LTD. VIOLATING REGULATIONS 4(2)(F)(II)(1), (6), (7), 4(2)(F)(III)(2), (3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 NEWEVER TRADE WINGS LTD.

DID NOT ADHERE TO REGULATIONS 33(2)(A) FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF NEWEVER TRADE WINGS 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 13-SEP-2022 TO 12-MAR-2023

DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS

IMPOSED PENALTY RS.2,00,000

13-SEP-2022

SAT: SAT VIDE ITS ORDER DATED 19/12/2022 PARTLY ALLOWED THE APPEAL AND SET ASIDE IMPUGNED ORDER DATED 13/09/2022

209

GIRIJA BANERJEE

(PAN:AJWPB1941Q)

TRINITY TRADELINK LTD.

CIN:L11103MH1985PLC035826
PAN:AAFCS8117C

INDULGED IN MISREPRESENTATION OF FINANCIALS AND/OR BUSINESS AND MISUSE OF FUNDS/BOOKS OF ACCOUNTS VIOLATING REGULATIONS 4(2)(F)(II)(1), (6), (7), 4(2)(F)(III)(1)(3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF TRINITY TRADELINK 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 29-JUN-2022 TO 28-DEC-2022

DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS

IMPOSED PENALTY RS.2,00,000

29-JUN-2022

210

GIRISH MADHUKAR TALWALKAR

(PAN:AAAPT8175H)

TALWALKARS BETTER VALUE FITNESS LTD.

CIN:L92411MH2003PLC140134
PAN:AABCT8207A

DISCLOSED INFLATED BANK BALANCE IN FINANCIAL STATEMENTS

PROFITS INFLATED BY MIS-UTILISATION OF CAPITAL WORK IN PROGRESS ACCOUNT

ASSETS, LIABILITIES AND REVENUE INFLATED THROUGH ROUND-TRIPPING OF FUNDS AND RECOGNITION OF FICTITIOUS ASSETS, LIABILITY AND REVENUE

DID NOT MAKE DISCLOSURE OF CORPORATE GUARANTEE GIVEN TO ZORBA RENAISSANCEPVT.LTD.AS CONTINGENT LIABILITY

REVENUE INFLATED BY REVALUATION OF INVESTMENTS

INAPPROPRIATE RECOGNITION OF REVENUE AND EXPENSES

INVESTMENTS INFLATED THROUGH BOOK ENTRIES NOT BACKED BY MONEY TRANSFERS AND INVESTMENTS IN ENTITIES WITH LOW NET WORTH

ADVANCES GIVEN TO CONNECTED COMPANIES WITHOUT RATIONALE

MISREPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO 4(1)(C), (E), (G) & (H), 4(2)(F)(II)(6), (7) & (8), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF TALWALKARS BETTER VALUE FITNESS LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 15-SEP-2023 TO 14-MAR-2025

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 15-SEP-2023 TO 14-MAR-2025

RESTRAINED FROM ASSOCIATED WITH ANY OTHER LISTED COMPANY OR SEBI REGISTERED INTERMEDIARY IN ANY CAPACITY INCLUDING DIRECTOR OR KEY MANAGERIAL PERSON DIRECTLY OR INDIRECTLY FROM 15-SEP-2023 TO 14-MAR-2025

IMPOSED PENALTY RS.24,00,000

15-SEP-2023

SEBI VIDE ITS NOTICE DATED 21/02/2024 DIRECTED TO PAY RS.25,45,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SAT: SAT VIDE ITS ORDER DATED 07/03/2024 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED RESPONDENT TO FILE REPLY AND REJOINDER THREE WEEKS THEREAFTER. STAYED EFFECT AND OPERATION OF IMPUGNED ORDER, AS FAR AS DEPOSIT OF PENALTY IS CONCERNED, SUBJECT TO PAYMENT OF 25% PENALTY WITHIN FOUR WEEKS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 30/07/2024 GRANTED APPELLANT FOUR WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 29/01/2025 GRANTED APPELLANT THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 06/05/2025 CONDONED THE DELAY IN FILING OF REPLY

211

GIRISH MADHUKAR TALWALKAR

(PAN:AAAPT8175H)

TALWALKARS HEALTHCLUBS LTD.

CIN:U93090MH2016PLC280127
PAN:AAFCT7279N

DISCLOSED INFLATED BANK BALANCE IN FINANCIAL STATEMENTS

PROFITS INFLATED BY MIS-UTILISATION OF CAPITAL WORK IN PROGRESS ACCOUNT

INAPPROPRIATE RECOGNITION OF REVENUE AND EXPENSES

INAPPROPRIATE REVALUATION OF INVESTMENTS FOR INFLATION OF REVENUE

UNJUSTIFIED INVESTMENTS IN ENTITIES WITH LOW NET WORTH AND NON-PROVISION OF IMPAIRMENT LOSSES

MISREPRESENTED FINANCIAL STATEMENTS VIOLATING REGULATIONS 4(1)(A) TO4 (1)(C), (E), (G) & (H), 4(2)(F)(II)(6), (7) & (8), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATION, 2015 IN MATTER OF TALWALKARS HEALTHCARE LTD.

212

GIRISH NAYAK

(PAN:ABMPN9599G)

TALWALKARS HEALTHCLUBS LTD.

CIN:U93090MH2016PLC280127
PAN:AAFCT7279N

SEBI VIDE ITS NOTICE DATED 04/03/2024 DIRECTED TO PAY RS.6,43,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 26/03/2024 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 26/04/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.6,49,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG

SEBI VIDE ITS NOTICE DATED 29/05/2024 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 26/03/2024

SEBI VIDE ITS ORDER DATED 29/05/2024 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.7724 OF 2024 DATED 04/03/2024

213

GIRISH NAYAK

(PAN:ABMPN9599G)

TALWALKARS BETTER VALUE FITNESS LTD.

CIN:L92411MH2003PLC140134
PAN:AABCT8207A

SEBI VIDE ITS NOTICE DATED 21/02/2024 DIRECTED TO PAY RS.12,73,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 14/03/2024 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 16/04/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.12,97,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG

SEBI VIDE ITS NOTICE DATED 31/05/2024 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 14/03/2024

SEBI VIDE ITS ORDER DATED 31/05/2024 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.7682 OF 2024 DATED 21/02/2024

SAT: SAT VIDE ITS ORDER DATED 30/07/2024 GRANTED APPELLANT FOUR WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 29/01/2025 GRANTED APPELLANT THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 06/05/2025 CONDONED THE DELAY IN FILING OF REPLY

214

GIRISH R.TANTI

(PAN:ABFPT3310E)

SUZLON ENERGY LTD.

PAN:AADCS0472N

INDULGED IN MISSTATEMENT/MISREPRESENTATION OF FINANCIAL STATEMENTS IN RESPECT OF OMS TRANSACTION AND SUBSEQUENT RELATED TRANSACTIONS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 4(2)(F) AND 4(2)(R) READ WITH 2(1)(B) AND 2(1)(C)(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SUZLON ENERGY LTD.

INDULGED IN MISSTATEMENT/MISREPRESENTATION OF FINANCIAL STATEMENTS IN RESPECT OF OMS TRANSACTION AND SUBSEQUENT RELATED TRANSACTIONS VIOLATING REGULATIONS 4(1)(A), 4(1)(B) AND 4(1)(E) AND 48 OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 27(2) OF SEBI ACT, 1992 IN MATTER OF SUZLON ENERGY LTD.

MISREPRESENTED BOOKS OF ACCOUNTS AND/OR FINANCIAL STATEMENTS VIOLATING CLAUSE 41(I)(A) OF ERSTWHILE LISTING AGREEMENT READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF SUZLON ENERGY LTD.

IMPOSED PENALTY RS.5,45,00,000

29-MAY-2026

SAT: SAT VIDE ITS ORDER DATED 07/08/2026 ALLOWED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER. STAYED IMPUGNED ORDER SUBJECT TO DEPOSIT OF RS.10 CRORE IN FIXED DEPOSIT WITH A LIEN MARKED IN FAVOUR OF SEBI WITHIN FOUR WEEKS FROM DATE OF THIS ORDER

215

GIRISH SHARMA

(PAN:AASPS8031K)

HEXA TRADEX LTD.

PAN:AACCH5334B

PASSED INCORRECT RESOLUTION OF HEXA TRADEX LTD. AND ACQUIRER'S RELATED ENTITIES VIZ MR.PRITHVI RAJ JINDAL AND OTHER PROMOTER ENTITIES VIZ, JINDAL SAW LTD. JITF LNFRALOGISTICS LTD. AND SIGNMATECH INC TO BE IN COMPLIANCE WITH SECURITIES LAW VIOLATING REGULATIONS 10(3), 28(2) AND 28(3) OF SEBI (DELISTING) REGULATIONS, 2021 IN MATTER OF HEXA TRADEX LTD.

DID NOT GIVE REASONED RECOMMENDATIONS TO BOARD FOR ACCEPTING DELISTING PROPOSAL AND HEXA TRADEX LTD. ACTING THROUGH ITS BOARD OF DIRECTORS HAD NOT DONE DUE DILIGENCE TO QUESTION / IDC (COMMITTEE OF INDEPENDENT DIRECTORS) FOR FAILURE TO PROVIDE REASONED RECOMMENDATIONS VIOLATING REGULATION 26(3) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF HEXA TRADEX LTD

IMPOSED PENALTY RS.2,00,000

18-JUN-2024

SAT: SAT VIDE ITS ORDER DATED 08/10/2024 GRANTED RESPONDENT THREE WEEKS TO FILE REPLY

SAT: SAT VIDE ITS ORDER DATED 18/12/2024 CONDONED THE DELAY IN FILING OF APPEAL

216

GITA NAYYAR

(PAN:ACBPN4600J)

PNB HOUSING FINANCE LTD.

PAN:AAACP3682N

ALLEGED FAILURE IN OBTAINING REGISTERED VALUER�S REPORT IN ACCORDANCE WITH ARTICLE 19(2) OF ARTICLES OF ASSOCIATION (AOA) OF COMPANY VIOLATING REGULATIONS 4(2)(F)(III)(3), (6) AND (7) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF PNB HOUSING FINANCE LTD.

ALLEGED FAILURE TO TAKE INTO ACCOUNT THE INTERESTS OF ALL STAKEHOLDER BY NOT ACCOUNTING FOR CONTROL PREMIUM IN PRICING OF THE PREFERENTIAL ISSUE VIOLATING REGULATIONS 4(2)(F)(III)(3), (6) AND (7) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF PNB HOUSING FINANCE LTD.

ALLEGED FAILURE IN MAKING ADEQUATE AND TIMELY DISCLOSURE OF MATERIAL INFORMATION TO STOCK EXCHANGES VIOLATING REGULATIONS 4(1)(D), 4(1)(H), 4(2)(B), 4(2)(E)(I), 4(2)(E)(II) AND 30(12) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF PNB HOUSING FINANCE LTD.

REACHED SETTLEMENT (SETTLEMENT CHARGES RS.28,50,000, INTEREST RS.44,26,533 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)

18-JUL-2022

217

GULAB CHAND AGRAWAL

(PAN:ABBPA9209K)

MISREPRESENTED/MISSTATED/MANIPULATED FINANCIALS AND MISUSED OF BOOKS OF ACCOUNTS VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(E), 4(2)(F), 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF SANWARIA CONSUMER LTD.

CERTIFIED FALSE CERTIFICATES WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) READ WITH PART B OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SANWARIA CONSUMER LTD.

MISREPRESENTED/MISSTATED/MANIPULATED ITS CONSOLIDATED FINANCIAL STATEMENTS VIOLATING REGULATIONS 33(1)(A), 33(1)(C), 34(2)(B) AND 33(3)(B) OF SEBI (LODR) REGULATIONS, 2003 IN MATTER OF SANWARIA CONSUMER LTD.

DID NOT ADHERE TO PREPARATION OF FINANCIAL STATEMENTS AND ACCOUNTING STANDARD VIOLATING REGULATIONS 34(3) AND 48 READ WITH 4(1)(A) TO 4(1)(E) AND 4(1)(G) TO 4(1)(J) OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 27 OF SEBI ACT, 1992 IN MATTER OF SANWARIA CONSUMER LTD.

MISREPRESENTED/MISSTATED/MANIPULATED FINANCIALS AND MISUSED BOOKS OF ACCOUNTS VIOLATING REGULATION 4(2)(F)(I)(2), 4(2)(F)(II)(2), 4(2)(F)(II)(6), 4(2)(F)(II)(7) AND 4(2)(F)(III)(7) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF SANWARIA CONSUMER LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 30-NOV-2023 TO 29-NOV-2026

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 30-NOV-2023 TO 29-NOV-2026

DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS

IMPOSED PENALTY RS.1,05,00,000

30-NOV-2023

SAT: SAT VIDE ITS ORDER DATED 15/03/2024 CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND FILE REJOINDER FOUR WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 19/11/2024 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 30/04/2025 CONDONED THE DELAY IN FILING OF APPEAL AND DISPOSED OF MISC. APPLICATION NO.754 OF 2024

218

GULAB CHAND AGRAWAL

(PAN:ABBPA9209K)

RESTRAINED FROM HOLDING ANY POSITION OF DIRECTOR OR KEY MANAGERIAL PERSONNEL IN ANY LISTED COMPANY OR ANY INTERMEDIARY REGISTERED WITH SEBI AND FROM ASSOCIATING WITH ANY LISTED PUBLIC COMPANY OR PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC OR ANY INTERMEDIARY REGISTERED WITH SEBI FROM 30-NOV-2023 TO 29-NOV-2025

30-NOV-2023

SAT: SAT VIDE ITS ORDER DATED 15/03/2024 CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND FILE REJOINDER FOUR WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 19/11/2024 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER

SATL: SAT VIDE ITS ORDER DATED 30/04/2025 CONDONED THE DELAY IN FILING OF APPEAL AND DISPOSED OF MISC. APPLICATION NO.754 OF 2024

219

GUNREDDY KRISHNA REDDY

(PAN:AHDPG8051D)

S.S.ORGANICS LTD.

PAN:AADCS2216C

DID NOT MANAGE CONFLICT EMERGED FROM IMPUGNED TRANSACTION WITH ARR CAPITAL INVESTMENT PVT.LTD. VIOLATING REGULATIONS, 4(2)(F)(I)(2) AND 4(2)(F)(II)(6) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF OXYGENTA PHARMACEUTICAL LTD. (ERSTWHILE KNOWN AS SS ORGANICS LTD.)

CODE OF CONDUCT OF BOARD OF DIRECTORS DID NOT INCLUDE DUTIES OF INDEPENDENT DIRECTORS VIOLATING REGULATION 17(5) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF OXYGENTA PHARMACEUTICAL LTD. (ERSTWHILE KNOWN AS SS ORGANICS LTD.)

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

20-FEB-2023

220

GURNAM SINGH

(PAN:AAKPS0300H)

OMAXE LTD.

PAN:AAACO0171H

DID NOT EXERCISE DUE DILIGENCE AS A MEMBER OF AUDIT COMMITTEE VIOLATING REGULATION 18(3) READ WITH PART A OF PART C OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF OMAXE LTD.

IMPOSED PENALTY RS.1,00,000

30-JUL-2024

SAT: SAT VIDE ITS ORDER DATED 01/10/2024 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN FOUR WEEKS THEREAFTER. STAYED THE DIRECTIONS IN PARAS NO.41(1) AND 41(2) SUBJECT TO DEPOSIT OF PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 16/12/2024 GRANTED APPELLANTS FOUR WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 08/05/2025 GRANTED APPELLANTS THREE WEEKS TO FILE REJOINDER

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